BusinessManufacturing

Tesla Q3 Profits Slump Despite Revenue Growth as Costs Mount

Tesla reported a significant 37% drop in net income despite achieving its first revenue increase in three quarters. The electric vehicle maker faced pressure from lower vehicle prices and rising operational expenses linked to artificial intelligence projects.

Tesla’s Profitability Challenge

Tesla faced a challenging third quarter as increased costs significantly outweighed revenue growth, according to reports from CNBC’s Daily Open newsletter. Despite achieving a 12% year-over-year revenue increase—marking the company’s first revenue growth in three quarters—net income reportedly plunged 37% from the same period last year.

BusinessEnergy

Tesla Q3 Profits Decline Amid Record Revenue and Tax Credit Rush

Tesla’s third-quarter financial results reveal a significant profit decline of 37% despite achieving record revenue of $28 billion. The electric vehicle maker faced increased costs from tariffs and research investments while benefiting from a last-minute surge in buyers seeking expiring tax credits.

Financial Performance Overview

Tesla has reported a notable divergence in its third-quarter financial results, with profits declining significantly despite reaching record revenue levels, according to the company’s latest earnings report. The electric vehicle manufacturer saw revenue climb to $28 billion for the three months ending September, representing a 12% increase compared to the same period last year and setting a new quarterly record for the company.

CybersecurityPrivacySoftware

Apple’s iOS 26 Enhances Privacy with Advanced Anti-Tracking Feature Now Available for All Browsing

Apple’s latest iOS update introduces stronger privacy controls that combat covert data collection techniques. The feature, previously limited to private browsing, now extends protection to all Safari activities, according to reports.

Enhanced Privacy Feature Rolls Out with iOS 26

Apple has integrated a significant security enhancement in its iOS 26 update that analysts suggest could redefine user privacy on iPhones. The feature, known as Advanced Tracking and Fingerprinting Protection (ATFP), is now available for all browsing sessions within Safari, not just private tabs as in previous versions. This move is seen as a response to growing concerns over digital surveillance and data harvesting practices.