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Tesla's stock drops after disappointing Q3 earnings, but temporary factors are impacting its bottom line. However, its dominant position and competitive advantages could lead to higher stock prices in the future.
Tesla's Q3 production and delivery numbers were lower than expected due to planned factory upgrades. The company's profit margins also fell, leading to concerns about its high valuation. Tesla's stock price may decrease in the future.
Cisco has agreed to acquire data observability and security company Splunk in a $28 billion deal to develop AI-enabled security solutions.
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