First Pass

9 stories from 8 sources

Tesla’s profit slide dominates a mixed corporate earnings day

Day’s Recap

Supporting Articles

6:30 PMCNBC

Tesla misses on earnings, as free cash flow turns negative and margins slide

Summary

Tesla reported an earnings miss as automotive margins declined and free cash flow flipped negative, extending investor concerns during a stock slump. The company pointed to improving conditions in its core auto business, but profitability and cash generation deteriorated in the quarter.

Why it matters

Negative free cash flow turns a sales recovery into a financing problem and tightens the timeline for Tesla to prove its profit model still works.

Link to Story
4:17 PMThe Verge

Tesla’s revenues are bouncing back, but profits are still weak

Summary

Tesla’s quarterly revenue improved after a prolonged stretch of weakening demand, but profit performance remained soft. The results follow a strong delivery report and suggest recovery in sales has not yet translated into strong earnings power.

Why it matters

A revenue rebound without profit rebound signals the turnaround is incomplete and leaves Tesla vulnerable if demand softens again.

Link to Story
9:51 AMMarketWatch

AT&T’s stock rises toward best day in six months. Why investors are cheering the latest earnings.

Summary

AT&T reported results that topped expectations, driven by stronger subscriber growth, higher free cash flow, and better profit than analysts forecast.

Why it matters

Beating on subscribers and free cash flow strengthens AT&T’s investment case in a market that is penalizing telecoms for leverage and weak cash conversion.

Link to Story
1:54 PMTechCrunch

Monday.com lays off hundreds to focus on AI

Summary

Monday.com is cutting about 20% of its workforce, roughly 630 employees, to run a leaner operation while prioritizing its AI Work Platform. The company is repositioning resources toward AI-driven product development and execution.

Why it matters

A 20% cut resets the company’s cost base and makes AI monetization the near-term test of its strategy.

Link to Story

Other Developments

A curated list of other prominent stories from this day.

7:53 PMBloomberg Markets

Nasdaq to Kick Off Tiny Companies Faster After SEC Approves Rule

Summary

Nasdaq will revise its listing rules to speed up delistings of struggling microcap companies after the SEC approved the change. The move responds to repeated episodes of extreme volatility and alleged manipulation in microcap trading.

Why it matters

Delisting speed changes who can access public markets and can cut off capital quickly for microcap firms while aiming to curb manipulation risk for investors.

Link to Story
3:29 PMVariety

Bose Wants to Be the Centerpiece of Your Living Room Again With the Lifestyle Ultra Speaker

Summary

Bose launched the Lifestyle Ultra Speaker as the flagship of a revived Lifestyle Collection, aiming to reclaim a central role in home audio. The $299 wireless speaker is selling strongly at Best Buy and comes in Black and White Smoke colorways.

Why it matters

If Bose can convert brand nostalgia into repeatable sell-through, it can rebuild relevance in home audio without competing solely on price.

Link to Story
9:33 AMCNBC

Wall Street will get its first health check on Big Tech

Summary

Alphabet, Tesla, IBM, and ServiceNow are scheduled to report earnings after the market close Wednesday. Their results and guidance will provide an early read on ad demand, enterprise software spending, and AI-related capex discipline.

Why it matters

These reports can reprice the biggest weights in US equity indexes and set the tone for risk appetite across tech and the broader market.

Link to Story
8:00 AMWWD

Amazon to Spend $400M Renovating Two Florida Warehouses, Cut 1,100+ Jobs

Summary

Amazon will spend about $400 million to renovate two Florida warehouses, shifting a cross-dock and a bulky-item site to handle standard customer orders, while cutting more than 1,100 jobs.

Why it matters

The move signals continued optimization in Amazon’s logistics network, with direct consequences for jobs and faster, cheaper fulfillment capacity.

Link to Story
4:02 AMPYMNTS

Bank of America Tells Finance Leaders to Fix the Data First

Summary

Bank of America is urging CFOs to prioritize fixing and standardizing enterprise data before layering on AI tools, real-time payments, forecasting platforms, and automation products.

Why it matters

Clean data is becoming the gating factor for AI and automation returns, which will reshape finance tech spending and vendor winners.

Link to Story

Make it yours

Build Your First Pass.

Pick your topics, set your cadence, and receive your personalized First Pass in your inbox. It’s that simple!