Tesla profits fall, oil prices surge as US imposes sanctions on Russian oil

Group 1: Tesla's Financial Performance - Tesla's profits fell by more than 25% despite record car sales, leading to a pre-market share drop of over 3% [4][5] - Revenue exceeded $28 billion, beating street estimates, but the operating margin dropped to 5.8%, nearly half of the previous year's margin [4][5] - Record deliveries in Q3 were largely driven by a rush to purchase vehicles before the expiration of federal tax credits, with sales declining in other markets, including China [6][7] Group 2: US Sanctions and Global Oil Market - The US imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, causing a surge in oil prices [2] - Approximately 20% of China's crude imports come from Russia, raising concerns about secondary penalties for companies dealing with sanctioned entities [3] Group 3: Semiconductor Industry Insights - The semiconductor sector is under scrutiny, with companies like Intel and ST Micro Electronics facing investor concerns over profitability trends and conservative guidance [26] - The semiconductor ecosystem involves various players, including Nvidia, AMD, and Taiwan Semiconductor, each playing distinct roles in chip design and fabrication [29][34] Group 4: Quantum Computing Stocks - Quantum computing stocks, including Rigetti and D-Wave Computing, saw significant pre-market gains of 20-30% following reports of US government interest in equity stakes in quantum firms [36][37] - Google's recent advancements in quantum technology, claiming their chips are 13,000 times faster than current supercomputers, have reignited discussions on the scalability of quantum technology [37] Group 5: Aerospace Developments - Airbus and other European satellite companies are merging their satellite businesses to create a competitive entity against SpaceX, with an expected annual turnover of about $7.5 billion [38][39] Group 6: Earnings Reports and Market Reactions - American Airlines reported a smaller-than-expected loss, driven by a rebound in travel, and anticipates profitability in Q4 [50] - T-Mobile added 1 million new subscribers but saw a decline in shares, indicating mixed market reactions despite positive service revenue growth [52] - Hasbro's Q3 earnings beat expectations, leading to initial share gains, although they later slipped back [54]