General Motors (GM) reports making progress in EV profitability, which would mark a significant milestone as traditional automakers struggle to break into an EV market already dominated by Tesla (TSLA). Stifel nextgen transport analyst Stephen Gengaro sits down with Seana Smith and Madison Mills to discuss where GM's progress leaves Tesla. "Legacy OEMs (original equipment manufacturers) have sort of lagged in in EV development. That's one area where Tesla has benefited in the short term. The other delays we've seen kind of across the spectrum from GM and Ford (F) and others, it really allows the Tesla and the Rivians of the world to continue to gain traction with customers," Gengaro tells Yahoo Finance, noting, "That actually sets them up for being in a very good strong position longer term." He adds, "It's going to be interesting how this evolves as to whether sort of a legacy GM person is going to go to Tesla or Rivian over GM, but I still think that the Teslas and Rivians of the world are kind of leading the way on the EV front. So I don't think those GM comments have too big an impact on Tesla in the next couple of years." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...

A film production company that helped make “Blade Runner 2049” has sued Tesla and its CEO Elon Musk for using an AI-generated image resembling a scene from the science fiction movie to market Tesla's new robotaxis. Alcon Entertainment said it refused all permissions but Tesla allegedly used artificial intelligence to “do it all anyway” when the carmaker unveiled its long-awaited robotaxi on Oct. 10 during a live-streamed event at a Warner Bros. studio lot in Burbank, California...

The shares were down for a fourth consecutive day on Tuesday as investors look ahead to the release of the EV maker’s financial results on Wednesday...

Tesla saw a favorable earnings estimate revision for the to-be-reported quarter, which is generally a precursor to an earnings beat...

Tesla reports their 3rd quarter, ’24 financial results after the closing bell on Wednesday, October 23. Click to read...

As Big Tech has led the market (^DJI,^GSPC, ^IXIC) to new heights this year, the third quarter earnings season could be make or break for the "Magnificent Seven." Yahoo Finance Markets Reporter Josh Schafer joins Morning Brief to discuss whether Big Tech and Magnificent Seven players can continue their momentum. Read more about Schafer's case for a Magnificent Seven resurgence here. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl...

Elon Musk's idea to create an agency that cuts government excess makes sense, says economist Judy Shelton...