Each day Crunch: Tesla is worthwhile once more

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1. Tesla earns its first profit in two years

Tesla reported a revenue within the third quarter, reversing seven consecutive quarters of losses. That is solely the third time within the firm’s historical past that it has achieved this milestone.

The turnaround was pushed by gross sales of the Mannequin 3. The corporate mentioned clients are buying and selling up their comparatively cheaper automobiles to purchase a Mannequin 3, despite the fact that there may be not but a leasing possibility and the beginning value was $49,000.

2. Trump has two ‘secure’ iPhones, but the Chinese are still listening

A brand new report by The New York Instances places a highlight on the president’s array of units and the way he makes use of them. Nevertheless, each Trump and a spokesperson for China’s international ministry have denied the story.

(BRENDAN SMIALOWSKI/AFP/Getty Photographs)

3. Red Dead Redemption 2 sets the bar high for the next generation of open world games

Tomorrow, Purple Lifeless Redemption 2 goes dwell after months of breathless hypothesis. And in accordance with Devin Coldewey and Jordan Criminal, it’s pretty much as good as you’ve been hoping.

4. Facebook is building Lasso, a video music app to steal TikTok’s teens

Fb is constructing a standalone product the place customers can file and share movies of themselves lip syncing or dancing to fashionable songs, in accordance with data from present and former workers.

5. One-year-old Ribbon raises $225m to remove the biggest stress of home buying

The startup needs to exchange the unbelievable stress of securing a mortgage through the home-buying course of with a Ribbon Supply: If a purchaser can’t safe a mortgage in time for shut, Ribbon can pay for the home itself and provides the customer additional time to get financing.

6. Twitter beats Wall St Q3 estimates with $758M in revenue

Twitter reported a 29 p.c enhance in advert income to $650 million, and the corporate says whole advert engagements elevated 50 p.c yr over yr. Nevertheless, consumer development didn’t fairly match expectations.

7. Confirmed: ShopRunner acquires Spring, raises $40M

ShopRunner is asserting its first infusion of enterprise funding underneath CEO Sam Yagan, plus an acquisition of the procuring app Spring. Sources additionally say it’s readying a serious overhaul of its cell app.

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