Tesla to wind down Cybertruck production at Texas gigafactory next year, Musk says

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• Elon Musk appears to signal the end of the road for Cybertruck

  Tesla's strategic pivot toward autonomous transport comes at the expense of its distinctive stainless-steel pickup, which faced an uphill battle against lackluster demand and persistent quality control issues. Chief executive Elon Musk confirmed the manufacturing line will instead prioritize scaling the self-driving Cybercab. This major realignment follows years of development delays, steep customer pricing, and critical recalls that hindered the pickup's commercial viability.

  2 min read
• Orkla posts Q3 organic sales growth of 3.1%, beats estimates

  The company's latest financial results indicate a stronger period of underlying operational momentum than market observers had anticipated. This third-quarter performance reflects positive top-line traction across its business segments despite broader market conditions. The stronger-than-expected figures offer a reassuring sign to investors tracking the firm's organic revenue trajectory.

  1 min read
• Singaporean Ashley Tan dropped from CEO role by US-based non-profit FHI 360

  The board of directors abruptly halted the onboarding process after uncovering new information regarding his prior work and management background. Had the 39-year-old taken charge, he would have made history as the first Asian chief executive in the organization's 55-year history. Leadership has now turned to a veteran insider to manage the global development group while the search for a permanent successor restarts.

  2 min read