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Good morning from the Financial Times.
Today is Thursday, October 23rd, and this is your FT News Briefing.
Tesla's profits took a major hit last quarter,
and a Sequoia Capital Executive quit over a contentious free speech issue.
Plus, the Trump administration has been quietly suppressing government climate change data.
I'm Mark Filippino and here's the news you need to start your day.
Tesla saw its profits drop nearly 30% last quarter.
the electric car company reported earnings yesterday,
and it said that its adjusted net income fell to $1.8 billion,
but just missed Wall Street expectations.
Tesla pointed to the costs associated with its pivot to robotics and artificial intelligence,
plus the hit came as the U.S. ramped up tariffs,