Davis Wilson:

Tesla Q3 Earnings Miss Analyst Expectations, Stock Drops Despite Robotaxi Expansion Plans

Tesla (TSLA) reported a third quarter earnings miss after the bell on Wednesday, with operating profit dropping 40% from a year ago as the company forges ahead in a post-EV tax credit environment, and revealing robotaxi progress that left investors wanting more.

After noting it launched a "ride-hailing service in the Bay Area using Robotaxi technology," CEO Elon Musk gave investors a few updates on Robotaxis.

“We are expecting to have no safety drivers in large parts of Austin by the end of this year … We are being very cautious about the deployment," Musk said on the earnings conference call following the report. Musk added that Tesla aims to launch Robotaxi tests in eight to 10 metro areas by the end of the year, including in Nevada, Florida, and Arizona.

Tesla stock was down over 5% in early trade on Thursday.

Tesla launched its first Robotaxi test in Austin, Texas, over the summer and expanded its service area a few weeks later; however, a safety driver still remains in each Robotaxi. Tesla has also been testing a ride-hailing service in the San Francisco Bay Area, but those cars are driven by people.

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Ray Blanco:

Trump Admin Not Negotiating With Quantum Firms With Equity Stakes: Commerce Official

Contrary to prior reporting, the U.S. government is not in talks with quantum computing companies to take equity stakes in the firms in exchange for federal funding. The update was made in a statement by the Commerce Department.

The denial comes a day after the Wall Street Journal, citing people familiar with the matter, said that the Trump administration was in talks with companies including IonQ, Rigetti Computing, and D-Wave Quantum.

During trading on Thursday, Rigetti Computing was up 7%, IonQ was up 7%, D-Wave was up 13%, and Quantum Computing was up 5%.

The Trump administration has taken equity stakes in companies in industries seen as vital to U.S. national security. In August, it took a 10% stake in Intel, the nation’s leading semiconductor manufacturer. It also took a 15% stake in MP Materials, which mines rare earth elements.

Quantum computing has attracted significant attention in recent years, with some of the most powerful institutions in the world spending millions in a race to develop and build the first useful and practical quantum computer, which could be completed in the next five years. At that point, the quantum industry could become classified as vital.

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Chris Campbell:

Uptime Wars: The New Internet Order

The October 2025 AWS outage was a disaster for the internet — one bad configuration in U.S.-East-1 froze a third of the modern web for roughly 15 hours, affecting hundreds of apps and over 11 million users.

The freeze lasted long enough to make the world realize just how much of the Internet balances on a few fragile pins: one cloud region, one DNS lookup, one database endpoint.

The AWS outage also showed the world how decentralized systems don’t choke on chaos: Bitcoin produced blocks as normally. The Ethereum chain didn’t even hiccup. Chainlink publicly announced its oracle services — which power 70% of DeFi — were “fully operational” throughout the AWS event.

Of course, this won’t be the last major outage before a new era of decentralization takes the wheel. It’s likely just the first outage in a series. But each one will feed demand for the kind of infrastructure that learns from failure, hardens under pressure, and refuses to go dark.

There’s one sector in crypto — called Decentralized Physical Infrastructure Networks (DePIN) — that’s built for exactly this kind of disruption.

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