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Andrew here in Washington. Lauren Hirsch and I broke news on Wednesday about Paramount’s offers to buy Warner Bros. Discovery. One included a carrot to the media company’s chief, David Zaslav: an offer to make him co-C.E.O. and co-chair of the combined entertainment empire.
The question is how much pressure Warner Bros. Discovery shareholders put on the board to do a deal — and whether other suitors emerge with credible bids. We’ve got a lot more below on that scoop, as well as on Elon Musk’s raw words about investor advisory firms that oppose his pay package.
A plea to Tesla investors
Shares in Tesla are down in premarket trading on Thursday after the electric vehicle giant said that its quarterly profit had tumbled.
But anyone who listened to Elon Musk’s discussion about the results heard mostly positive notes about the company’s future — which he then pivoted into a trillion-dollar question: his proposed pay package.
First, the numbers: Tesla’s profit fell 37 percent in the third quarter after it offered bigger discounts on models to lift sales. Revenue did increase, jumping 12 percent, to a record $28.1 billion. (Analysts said another big factor behind the bump was last month’s expiration of a federal E.V. credit that spurred purchases.)
Tesla also collected a lot less from selling carbon credits, a major source of revenue, after the Trump administration gutted clean-air regulations.
