Un-Ludicrous mode… Tesla’s rolling up to report earnings on Wednesday, but its already public delivery and production #s disappointed: Musk’s darling cranked out 430K cars last quarter, down from 480K the previous q. Deliveries also fell, to 435K. Tesla blamed the declines on scheduled downtimes for factory upgrades but stayed with its annual target of 1.8M EVs. This month Tesla had another round of price cuts for certain models in the US: the Model 3 now costs $38.9K (about $10K less than the average car or truck), which could drive demand.
You still watchin’?... Netflix reports Wednesday, and Wall Street is expecting revenue growth even amid months of Hollywood strikes. It’s a big test for Netflix’s password-sharing crackdown and the removal of its $10 ad-free “basic” plan, both of which have boosted subscriber growth so far. Netflix reportedly has plans to raise prices once the actors’ strike ends too. Execs have said that revenue is higher on ad-supported plans than on ad-free ones. Still, building an ad business ain’t easy: in June, ad-tier subscribers were just half of what Netflix had projected.