Comment on Forget the Robotaxi: Wall Street cares about Tesla's business basics

Russian leader Vladimir Putin is hosting the BRICS summit this year, but the Kazan Declaration shows that he's still not able to get his allies to agree with his view on the war. Contributor/Getty ImagesBRICS' Kazan Declaration on Wednesday contained 134 points — and only one discussed the Ukraine war.

A Gucci store in Chongqing, China. Cheng Xin/Getty ImagesGucci had a challenging third quarter partly due to its APAC slump, per Kering's latest earnings call. The Italian luxury brand's sales dropped 25% this quarter compared to the previous year. It's been trouble in paradise for luxury brands in China, which was once their reliable cash cow.

Boeing said in an SEC filing on Wednesday that it was taking a $250 million charge against earnings on its beleaguered Starliner program. Joel Kowsky/NASA via Getty ImagesBoeing has recorded another $250 million loss on its Starliner program. New CEO Kelly Ortberg said Boeing will not walk away from its loss-making contracts.

Tesla's third-quarter earnings report beat expectations. Apu Gomes/Getty Images; Chelsea Jia FengTesla's Q3 earnings beat expectations, boosting stock after the Robotaxi announcement's disappointment. Strong margins and an uptick in 2024 sales growth buoyed investors' take on Tesla. Analysts said they're looking at fundamentals of Tesla's car business. Tesla's third-quarter earnings report on Wednesday beat expectations, lifting Elon Musk's company out of its brief stock rut that followed the Robotaxi unveiling earlier this month.

The showcase at the Nissan Americas headquarters in Franklin was named "Fast Forward," and sentiments from executives fit that vibe. But while the auto industry can see its electric future looming, there are years of stop-and-start to navigate to reach that point.

33,000 Boeing workers have been on strike since September 13. Stephen Brashear/Getty ImagesBoeing workers just rejected a proposal with a 35% wage increase over four years. The strike has halted most of Boeing's manufacturing for over five weeks. Boeing's earnings missed analyst expectations by over 18% amid the ongoing strike.