Brought to you by:
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).
All times are ET.
1. Tesla profits -44% YoY to $1.85B in Q3, even as revenues +9% to $23.35B
Operating margin continues to fall due to repeated price cuts:
Cyberdruck to start deliveries on Nov. 30
Montage of event invite.
Pricing to be announced shortly.
1M+ refundable reservations for the Cybertruck, 1st unveiled in 2019.
250K/year production expected in 2025. - Techcrunch, Tesla
Elon dodged a question about legal liability for Full Self-Driving cars. - The Verge
2. Netflix adds 8.8M subscribers (most since Q2 2020), raises prices
U.S.: basic plan from $9.99 to $11.99/mo, premium from $19.99 to $22.99/mo.
Revenue: $8.54B in Q3, +8%.
Net profit: $1.68B, +20%.
Total subscribers: 247.15M, +11% YoY.
Content spending expected at $13B in 2023, from a previous estimate of $17B. - WSJ, Netflix shareholder letter
LEV Foundation was co-founded by Dr. Aubrey de Grey, one of the early pioneers in the longevity field.
Their 2 main projects are Robust Mouse Rejuvenation and Transplants on Demand.
Your donation can literally save your life, or the life of your closed ones. - Learn more about the LEV Foundation.
*Sponsored.
