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Tesla Declines in Record Q; T-Mobile Beats on Subscriber
Posted
October 23, 2025
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October 23, 2025
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4:06Now PlayingOn 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.
- Shares of T-Mobile (TMUS) fluctuated ahead of the New York open after the telecommunications giant reported 1 million new mobile phone subscribers in the third quarter and raised its outlook for the year, buoyed by its recent acquisition of smaller competitor US Cellular.
- IBM (IBM) shares slid as much as 8 percent in the premarket session after the company reported third-quarter results that featured a disappointing read for its Red Hat hybrid cloud unit. Third-quarter sales in the hybrid cloud unit that includes Red Hat increased 14%, a slowdown from the previous period and below analysts’ average estimate of 16%.
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