Tesla shares climbed nearly 5% after unveiling its second-generation Roadster featuring SpaceX-developed rocket-style thrusters, described as the world’s first flying car with production expected to begin in 2028. SpaceX stock also rose more than 1%, boosted by the Roadster reveal and a price target increase from Evercore ISI. Alcoa gained more than 2% on better-than-expected third-quarter earnings driven by a rebound in its alumina business. CoreWeave fell 4% as investors braced for higher interest rates that might impact the heavily indebted company. Netflix declined nearly 1.5% after announcing a leadership shake-up and a day after revealing plans to cut roughly 6% of its workforce, representing about 1,000 jobs.
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