General Motors (GM) and Ford will report third-quarter earnings this week, coming amidst the sixth week of ongoing strikes and contract negotiations with the United Auto Workers (UAW) union.
A lot hangs on the reports, and the UAW will likely leverage any bullishness and successes compared to Wall Street expectations shared by the automakers to demand further concessions in contract negotiations, as CNBC points out in a Sunday report. On the other hand, the companies could scare off investors if the impacts of UAW labor efforts or general bearishness on guidance are evident.
In data from LSEG (formerly Refinitiv), Wall Street expectations predict that GM will report earnings of $1.88 per share in Q3, while they estimate that Ford will report $0.45 per share in the same quarter.
GM will release its Q3 2023 financial results on Tuesday at 6:30 a.m. ET, according to the company’s website. Following the meeting, GM will also hold a conference call at 8:30 a.m. ET.
Ford is set to announce its Q3 2023 financial results on Thursday, starting at 4:05 p.m. ET, according to a press release. The webcast for the online event will be available here, and the automaker will hold an earnings call afterward at 5:00 p.m. ET.
Throughout the contract negotiations, the UAW has pulled from earnings reports and public statements from executives of the “Big Three” of Detroit, which includes Ford, GM and Chrysler-parent Stellantis.
“When you’re in bargaining you want to use every piece of news that’s in your favor and bring it up and bring it to the public and to the table,” says Art Wheaton, Cornell University professor of labor at the Worker Institute. “If GM, Ford and Stellantis are still very profitable for the third quarter, [UAW’s] going to claim that, ‘They’re being too cheap in bargaining, and they should give us more.’”
Despite some recent concessions from the automakers in contract negotiations, UAW President Shawn Fain noted in a statement on Friday that the companies were all “extremely profitable,” adding that there is still “more to be won.” The statements came just as Ford laid off an additional 364 workers in two states.
UAW President: Tesla workers are union “members of the future”
JPMorgan has estimated that the UAW strikes have cost Ford $145 million in Q3 before interest and taxes, while the firm estimates it has cost GM $191 million. In Q4 so far, the firm thinks losses have increased to $517 million and $507 million for Ford and GM, respectively.
The estimates come after Ford workers walked off the job at the automaker’s highly profitable Kentucky Truck Plant earlier this month, which produces the company’s F-Series Super Duty pickup, the Expedition and the Lincoln Navigator SUV.
Additionally, if labor efforts are successful, many analysts predict that labor costs will be passed along to the price of the vehicles and thus to consumers. Last Monday, Wolfe Research analyst Rod Lache predicted that labor costs would jump by $3,000 to $4,000 per vehicle based on the latest proposals to the UAW. At the same time, he expects competitor costs to increase by $2,500 to $3,000.
“This could compound other challenges that the OEMs [original equipment manufacturers] face (e.g. competitiveness in batteries, distribution, design),” Lache said. “And we also worry that the OEMs may still not fully appreciate the long-term risks associated with UAW’s new tack — including bargaining in public, social media, and populism. The Automakers appear to be struggling to adjust to this reality.”
The news comes after Tesla reported its Q3 earnings last week, posting a non-GAAP earnings per share of $0.53, beneath Wall Street expectations of $0.64 per share. Additionally, the non-union automaker posted $23.35 billion in revenue during the quarter, though analysts expected the company to report a revenue of $23.9 billion.
You can find our live coverage of Tesla’s Q3 2023 earnings call here.
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.
SpaceX officially launched the Starlink Mini 2 on November 10, delivering the first portable Starlink terminal designed around independent power.
Invitation-only preorders for select U.S. customers are priced at $999 plus tax, a figure that includes a full year of Roam Unlimited service valued at roughly $2,100. A refundable $100 deposit reserves the kit, with the balance due at shipment, expected to begin in mid-December. Broader availability is listed as coming soon.
Starlink just unveiled Mini 2, its next-gen portable dish.
Quick-swap battery, up to 4.5 hrs per charge
USB-C power
Built-in Wi-Fi
Online in about 60 secondsPreorders are open now. https://t.co/QawqgbswrQ
— TESLARATI (@Teslarati) November 10, 2026
The headline feature is the quick-swap 71 Wh battery. Clipped to the rear of the dish without tools, it delivers up to 4.5 hours of connectivity on a single charge.
The 490-gram pack includes its own USB-C port and LED indicators, so users can charge a spare separately and swap it in seconds while staying online. Starlink notes that the terminal can continue operating while the battery charges or run directly from a 60 W USB-C source. The retail box includes one battery, a 60 W USB-C charger, and a 3-meter cable.
Beyond power, the Mini 2 is thinner at 23.1 mm (versus 38.5 mm on the original Mini) while measuring 263 × 314 mm. With the battery and kickstand attached it weighs 1.6 kg.
Built-in Wi-Fi 6 expands coverage to up to 1,800 square feet, an IP67 rating protects against dust and water, and a standard 1/4-20 tripod thread plus physical power button round out the design. Field of view remains 110 degrees, and the unit retains support for mobile use.
For travelers, campers, and remote workers, the swappable battery removes the longstanding requirement for an external power bank or vehicle outlet that defined the first Mini. Spare packs sold separately further extend runtime, turning the compact terminal into a more self-contained solution.
While the bundled $999 invitation price sits well above the original Mini’s current $149 starting point, the included year of service and genuine untethered operation mark a clear step forward in portable satellite internet.
Elon Musk
SpaceX’s $24B Starbase supercomputer plan slipped past a key roadblock
SpaceX wants a Starbase tax break for a $24 billion gas plant and supercomputer campus.
SpaceX is asking its own company town for a tax break on a $24 billion natural gas power plant and supercomputing facility at Starbase, Texas, and the land it picked sits just outside the reach of a data center moratorium that took effect in neighboring Brownsville last week.
A City of Starbase public hearing notice says SpaceX “proposes to construct, own, and operate a gas-fired power plant and super-compute facility” on roughly 444 acres between Boca Chica Boulevard and the Port of Brownsville. The $24 billion figure covers only the initial phases, and the notice leaves room for future expansions. The Starbase City Commission will consider a property tax abatement and a related economic development agreement at a 7 p.m. hearing on December 9. The notice does not disclose the size or length of the abatement, or how much computing capacity the site would hold.
The location has a history. Over the summer, SpaceX asked Brownsville to remove the tract from its city limits and offered $220 million for water and wastewater projects in return. Brownsville approved the move in August, and Starbase later annexed the land. Brownsville’s own 90-day pause on data center applications took effect last week, and had the tract stayed inside the city, the project likely would have needed a different home.
The power side is already in front of state regulators. SpaceX has applied to the Texas Commission on Environmental Quality for air permits covering 35 mobile gas turbines producing roughly 750 megawatts, according to Politico, which also noted that two of the three Starbase commissioners voting on the incentives are SpaceX executives.
Building its own plant lets SpaceX skip the Texas grid. Gov. Greg Abbott paused new data center grid connections in August pending an audit, but a facility that generates its own electricity does not need one. The air permit still has to clear the TCEQ, where Abbott also ordered a halt on data center permits.
The bigger test arrives in January. Governor-elect Gina Hinojosa, who unseated Abbott last week, has said she will block data center approvals until the legislature passes new protections, and she has already asked state officials to hold off on any sale of Boca Chica State Park to SpaceX until she is sworn in. Tesla and SpaceX shares both fell the day after the election, and Musk’s first reaction on X was “Data centers in space looking pretty appealing right now.”
That line points to Starmind, SpaceX’s orbital compute constellation. Musk has said terrestrial compute will be “peanuts compared to orbital compute” and expects monthly orbital deployments to pass ground deployments around the end of 2028, as Teslarati reported. Until then, SpaceX still needs gigawatts on the ground. It ended the third quarter with 1.7 GW of nameplate compute, is targeting 2.5 to 3 GW by the end of this year and wants at least 10 GW more in 2027. Its existing Colossus sites around Memphis already run on gas turbines and face a lawsuit from residents over emissions.
Local reaction is split. The South Texas Environmental Justice Network has announced a protest, citing air quality, water use and energy bills, while some Brownsville residents told the Tribune they welcome the jobs. SpaceX did not respond to the Tribune’s questions about the project.
Tesla CEO Elon Musk announced that the company will extend Cybertruck production slightly to handle its extensive order backlog.
On Wednesday, Musk announced that “In order to work through more of the Cybertruck order backlog, production will be extended through the end of summer 2027.”
In order to work through more of the Cybertruck order backlog, production will be extended through the end of summer 2027
— Elon Musk (@elonmusk) November 11, 2026
Tesla has already attempted to simplify its last months of production for the Cybertruck by eliminating several trim levels and only offering the Cyberbeast, the most expensive trim that starts at $109,990. The other two trim levels, the Cybertruck All-Wheel-Drive and Premium All-Wheel-Drive have both been discontinued.
There has been plenty of backlash against Tesla’s decision to ax the Cybertruck, but the company’s forecast prioritizes Cybercab and autonomy. Factory space at Gigafactory Texas that is not necessary is now being set aside for the Cybercab as the company truly embraces its “transportation-as-a-service” model.
There is still a slim chance the Cybertruck survives. Last evening, Tesla upfitter Unplugged Performance offered to take the Cybertruck line off of Tesla’s hands and continue building it, along with a CyberSUV.
Nevertheless, Tesla seems to be ending the Cybertruck on its terms after what will be a three-and-a-half-year run. It still does not really feel quite real; I think many of us thought the Cybertruck would be around for years to come.
Musk added more detail, stating that while it was not the smartest move, “there must be some room in this world for sentimentality or what’s the point?”
This is not the smartest move from a profit-maximizing standpoint btw, but there must be some room in this world for sentimentality or what’s the point?
— Elon Musk (@elonmusk) November 11, 2026
Other EV pickups on the market have experienced a similar fate.
The Ford F-150 Lightning was axed by the Detroit company due to the continued losses the company took from sales. That truck was never profitable, and Ford is still taking a quarterly loss in its EV side. However, things are moving along as it has plans for a mass market EV pickup, which will likely gather some substantial demand if Ford can get it just right.
Perhaps another extension or even a total change of heart might come. Only Musk knows.
Starlink Mini 2 arrives with one feature for true off-grid connectivity
SpaceX’s $24B Starbase supercomputer plan slipped past a key roadblock
