Tesla Notches a Surprise Blowout Quarter on Strong Sales

Good morning. Tesla’s Cybertruck had a strong quarter and so did the company’s profit. Luxury brand Hermes is facing its slowest quarter in years. And Oman has plans for an urban future that is far from reach-for-the-heavens architecture. Listen to the day’s top stories.

Tesla's Cybertruck has reached profitability for the first time, thanks in part to increases in production for the futuristic pick-up truck. The company surpassed Wall Street estimates for earnings in the third quarter and projected a slight increase in deliveries for the current year, reflecting a rebound in demand for its electric vehicles. It reiterated plans to start production of more affordable models in the first half of 2025, saying it projects 50% growth next year over its 2023 production volumes.