US saw a variety of announcements on Thursday.
Ranging from electric vehicles and entertainment to cybersecurity and aerospace manufacturing.
Tesla faced renewed pressure following a product recall, Disney continued its strategic pivot toward digital growth, Anthropic uncovered a landmark AI-driven cyberattack, and Boeing ended a months-long labor strike at its defense plants.
Tesla shares slide after powerwall recall
Tesla shares extended their recent losses on Thursday after the US Consumer Product Safety Commission (USCPSC) announced that the company must recall around 10,500 Powerwall 2 battery systems due to potential safety risks.
The stock fell 7% to $400 in midday trading.
The recall comes amid heightened market volatility for technology stocks and follows CEO Elon Musk’s approval of a record 2025 pay package at the company’s annual meeting on November 6.
The USCPSC said the affected Powerwall 2 units “may fail and overheat,” posing fire and burn hazards, though no injuries have been reported.
Tesla has received 22 overheating reports, some involving property damage. The company is limiting the charge remotely to reduce risks and will replace affected units for free.
Despite the setback, retail investors remain bullish on Tesla.
JPMorgan’s Retail Radar report noted that small investors purchased about $1.1 billion more Tesla shares than they sold over the past week, reaffirming their strong presence — roughly 41% of Tesla’s public float.
Disney stock tumble after earnings miss and revenue decline
Walt Disney stock fell sharply, dropping 9.7% to $105.34 after reporting weaker-than-expected quarterly results.
The decline marked Disney’s largest single-day drop since November 2022.
The entertainment giant reported adjusted earnings of $1.11 per share and revenue of $22.46 billion, down 0.5% from a year earlier.
Analysts had expected $1.05 per share on $22.76 billion in revenue, according to FactSet.
Operating income in Disney’s entertainment segment plunged 35% to $691 million, with declines in TV advertising and box-office sales.
However, streaming and theme parks offset some of the weakness.
Disney+ added 3.8 million subscribers — beating expectations — while operating income from the experiences division rose 13% to $1.89 billion.
Disney reaffirmed its guidance for double-digit adjusted EPS growth in fiscal 2026 and 2027 but warned of a $400 million hit to entertainment income next quarter due to box-office softness.
Anthropic exposes AI-driven cyber espionage campaign
AI research firm Anthropic revealed it had disrupted a sophisticated espionage campaign that used artificial intelligence to plan and execute cyberattacks, allegedly linked to a Chinese state-backed group.
According to the company, attackers manipulated its Claude Code tool to target around 30 global entities, including technology, financial, governmental, and chemical institutions.
A small number of infiltrations succeeded. Anthropic described the event as “the first documented case of a large-scale cyberattack executed without substantial human intervention.”
The company has since enhanced its detection systems and developed new classifiers to identify and prevent malicious AI activity.
Boeing ends St. Louis strike as workers approve new contract
Around 3,200 Boeing defense workers in the St. Louis area have voted to end their three-month strike after ratifying a new contract negotiated by the International Association of Machinists and Aerospace Workers (IAM) District 837.
Union members will return to work on November 16.
The agreement concludes Boeing’s first strike in nearly three decades, which began on August 4 after workers rejected an earlier proposal.
IAM District 837 praised the unity of its members and credited the bargaining committee for securing improved terms.
Boeing’s resolution of the labor dispute allows production to resume on some of the company’s most advanced military aircraft.
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