Tesla counted 450 million in tariff refunds towards their Q3 net profit.

$META new non voting shares let Zuckerberg keep control while Meta can raise money and he can sell some stock. Looking more into the filing Meta’s board members did push back on the size of the share dividend. Zuckerberg wanted 20 new shares for every share. The board offered 1 for every 9 and they ended up at 1 for 1. More new shares would mean more stock he could sell without giving up votes. But they didn’t get any limits on his control. In 2016 Facebook’s board made him agree that in most cases he would lose control if he left the company. This time he said no to that kind of rule and they approved it anyway. Last week a Delaware court blocked a similar deal at $NET because Cloudflare’s board members likely went along with what their founders wanted. Meta’s board also went along with Zuckerberg on control but nobody has sued yet so we don’t know how a court would rule.

SpaceX vs. Tesla. Same Elon. Very different chart. Over the 3 months shown: $SPCX: +27.96% $TSLA: −0.48% My pick? SpaceX. Not because a potential merger is guaranteed. Not because yesterday’s winner must win tomorrow. But if we’re debating where the opportunity is, this divergence deserves attention.

Meta to protect Zuckerberg from losing control 🏛 The board of directors has approved the issuance of non-voting shares. This scheme will allow the head of Meta to sell shares to pay the billionaire tax in California without losing control of the company. The deal was finalized after the billionaire threatened to change his residency.

$SPCX Next Monday: +328 million shares December 8: End of the main employee lock-up (~800M) Elon holds approximately 6.4 billion shares, locked until mid-June 2027. He has also announced he will give one SpaceX share to every American child next year. This represents approximately $10–11 billion at current prices, but only a small fraction of his total stake.

Tesla (electric vehicle company): Results exceeded expectations, and the company cut costs this year, turning cash flow positive. Meta: Results exceeded expectations, but the company increased spending, causing cash outflows. Result: Both stocks fell on Thursday—Meta dropped 7.5%, Tesla fell 2.1%. What do you think the market wants to see: cost-cutting or spending? #Tesla $TSLA

$TSLA drops 5% after hours, and Tesla’s profit reportedly gets cut in half. The auto business is showing signs of pressure, but SpaceX adds another layer to the story. Investors are now looking beyond cars to the wider Musk ecosystem. Watching how the market prices that narrative.

Tesla's net profit fell 43%, yet nearly 30% of its profit came from a single bitcoin:native that was never sold. Tesla @Tesla reported third-quarter revenue of $28.05 billion, roughly flat year-over-year. GAAP net income stood at $787 million, a 43% decline year-over-year; operating profit dropped 56% to $718 million, with the operating margin compressed from 5.8% to 2.6%. Vehicle deliveries totaled 486,532 units, down 2%. Adjusted EPS came in at $0.48, above market expectations, yet the stock closed down 3.08% at $374.58 on October 22. Profits were eroded by R&D spending. Operating expenses rose 39% year-over-year to $4.776 billion, with R&D surging 69% to $2.76 billion—funding internal projects dubbed "Super Intelligence," Optimus humanoid robots, and Cybercab. Capital expenditures doubled year-over-year to $3.73 billion, while the full-year capital expenditure guidance was lowered from over $25 billion to $2 billion. Of the $787 million in net income, a portion did not come from vehicle sales. This quarter, Tesla recorded an unrealized gain of $288 million on its Bitcoin holdings, or $224 million after tax—accounting for nearly 30% of quarterly net profit. Tesla did not buy or sell a single Bitcoin during the quarter; its holding of 11,509 bitcoin:native had a cost basis of $386 million and a fair value of $962 million at quarter-end. Following the accounting shift to fair value measurement, quarterly price fluctuations in Bitcoin are directly reflected in net income. In the same quarter, Tesla recorded a $142 million unrealized loss on its SpaceX equity stake—neither transaction involved any cash inflow or outflow.

$CBRS $SPCX 👀 can’t wait to hear about the Cerebras and SpaceX collaborations outside the haunted house too… 🔥 BOO!

Musk Takes a Bow: SpaceX’s 10-Q says a Tesla combination needs further approvals. Musk, who controls ~85% of SpaceX’s voting power, recused himself. Analysts estimate a combined value near $3.5T. Not financial advice. #Tesla #SpaceX