Tesla Declines; T-Mobile Beats on Subscriber Growth; IBM Slides Post-Earnings
On this episode of Stock Movers:- Tesla (TSLA) shares fall in premarket trading after the EV maker saw profit plunge despite a record quarter of vehicle sales, reflecting ongoing strains on the automotive business that Chief Executive Officer Elon Musk is shifting focus away from. Adjusted earnings dropped to 50 cents a share in the third quarter, down 31% from a year ago, the company said Wednesday. Analysts had expected 54 cents on average in estimates compiled by Bloomberg.- Shares of T-Mobile (TMUS) fluctuated ahead of the New York open after the telecommunications giant reported 1…
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