Trending tickers: Tesla, Opendoor, Airbnb, ITV and IAG

Tesla (TSLA)

Tesla (TSLA) shares rose as much as 2% in pre-market trading on Friday, recovering from a negative close, after investors voted to approve chief executive Elon Musk’s $1tn pay package.

The compensation plan, designed to secure Musk’s leadership of the electric vehicle maker as it pushes further into artificial intelligence and robotics, received support from more than 75% of shareholders, according to a Tesla (TSLA) official at the company’s annual meeting.

Analysts said the result was a positive sign for Tesla’s (TSLA) stock, whose lofty valuation remains tied to Musk’s ambitions of creating self-driving vehicles, rolling out a robotaxi network across the US and commercialising humanoid robots.

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(TSLA)

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445.91

-16.35

(-3.54%)

At close: November 6 at 4:00:00 PM EST Advanced Chart

Appearing on stage in Austin, Texas, alongside two dancing robots, Musk told shareholders: “What we are about to embark upon is not merely a new chapter of the future of Tesla (TSLA), but a whole new book. This really is going to be quite the story.”

Over the course of a decade, Musk is required to deliver 20 million of Tesla’s (TSLA) electric vehicles to buyers, sell 10 million active full self-driving subscriptions, develop and sell one million humanoid robots and deploy one million robotaxis in commercial service.

Read more: The most popular stocks and funds investors bought in October

Musk will also be required to bring the company to $400bn in actual earnings for four consecutive quarters. Tesla’s (TSLA) actual earnings for the third quarter of 2025 were $4.2bn, down 9% from the year prior.

The vote came despite opposition from some major investors, including Norway’s sovereign wealth fund and proxy advisory firms Glass Lewis and Institutional Shareholder Services, which warned the package could dilute shareholder value.

Tesla’s (TSLA) board had cautioned that Musk might step back from the company if the pay deal were rejected.

“Elon Musk just got $1tn for failure. Sales are down, safety risks are up, and his politics are driving customers away. This isn’t leadership – it’s the world’s most expensive participation trophy,” the protest group Tesla Takedown said in a statement.

Opendoor (OPEN)

Shares in Opendoor (OPEN) plunged ahead of the US opening bell after the property technology company missed earnings estimates in its third-quarter results.

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(OPEN)

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6.56

-0.67

(-9.27%)

At close: November 6 at 4:00:01 PM EST Advanced Chart

Opendoor (OPEN) reported revenue of $915m, its lowest quarterly total since the fourth quarter of 2023 but slightly ahead of Wall Street expectations of $882m. The company posted a loss per share of $0.12, wider than the expected $0.07 loss, according to S&P Global Market Intelligence consensus estimates.

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For the fourth quarter, Opendoor (OPEN) forecast a similar trend of declining performance. The company said it expects an adjusted EBITDA loss in the high-$40m to mid-$50m range, compared with analyst estimates of a $41m loss.

Chief executive Kaz Nejatian, who joined the real estate iBuyer in September after serving as Shopify’s chief operating officer, outlined a path to profitability as the company seeks to stabilise its operations. He said Opendoor’s (OPEN) turnaround would focus on three main objectives: transacting with more sellers, strengthening unit economics, and driving operational efficiency.

Nejatian told investors that adjusted net income would reach breakeven by the end of 2026.

The stock has been one of the year’s most active tickers, with heavy retail investor and meme-trade interest driving large price swings. Year-to-date, shares of Opendoor (OPEN) have surged 310%, though they are down 29% over the past month.

Airbnb (ABNB)

Airbnb (ABNB) shares rose 5% in pre-market trading after the company reported stronger-than-expected third-quarter results, driven by robust international bookings that boosted revenue growth.

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(ABNB)

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120.53

-1.97

(-1.61%)

At close: November 6 at 4:00:01 PM EST Advanced Chart

Revenue increased 10% year on year to $4.1bn from $3.73bn in the same period last year. Net income came in at $1.37bn, or $2.21 per share, compared with $1.37bn, or $2.13 per share, a year earlier.

For the fourth quarter, Airbnb (ABNB) said it expects revenue between $2.66bn and $2.72bn, in line with analyst expectations of $2.67bn, according to LSEG.

The company reported 133.6 million nights and experiences booked during the quarter, up 9% from a year earlier and above the 131.75 million expected by StreetAccount. Gross booking value, which includes host earnings, service fees, cleaning fees and taxes, totalled $22.9bn, a 14% increase year on year and higher than the $21.9bn forecast by analysts.

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Airbnb (ABNB) also reported adjusted EBITDA of $2.1bn, its highest in any quarter.

In a letter to shareholders, Airbnb (ABNB) described it as “another strong quarter” for the platform. “We’re driving continued growth by focusing on four key areas: making our service better, bringing Airbnb to more parts of the world, expanding what we offer, and integrating AI into our app,” the company said.

ITV (ITV.L)

Shares in ITV (ITV.L) surged 18% in London to a one-month high after the broadcaster confirmed it is in talks with Sky over a possible sale of its media and entertainment division.

In a statement to the City on Friday, ITV said: “ITV plc notes the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn.”

The confirmation followed reports that Comcast, Sky’s US parent company, was in discussions to acquire ITV’s broadcasting operations, a move that would mark a major shake-up of the UK television landscape.

ITV (ITV.L) cautioned, however, that the deal remains uncertain. “There can be no certainty as to the terms upon which any potential sale may be agreed or whether any transaction will take place,” the company said. “A further announcement will be made in due course if appropriate.”

News of the potential sale came shortly after ITV (ITV.L) announced plans to “temporarily” cut £35m from its budgets in response to a weak macroeconomic backdrop and advertiser caution ahead of the government’s budget later this month.

The company also warned that advertising revenues, which remain its primary source of income, are expected to fall 9% in the crucial fourth quarter period leading up to Christmas.

IAG (IAG.L)

Shares in British Airways owner IAG (IAG) fell 8% in London after the airline group said that lower demand for economy class seats on transatlantic flights had dented profits during the key summer holiday season.

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(IAG.L)

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378.30

-35.80

(-8.65%)

As of 9:01:08 AM GMT. Market Open. Advanced Chart

Pre-tax profits for the three months to the end of September slipped 2.1% to €1.87bn (£1.64bn). The group, which also owns Aer Lingus, Iberia and Vueling, reported a 2.4% increase in capacity but a 2.4% decline in passenger revenue.

Operating profit of €2.05bn came in slightly below City expectations, with the company citing “softness in US point-of-sale economy leisure” travel. Passenger revenue per available seat, a key industry measure, fell 7% on the group’s North Atlantic routes.

Hargreaves Lansdown analyst Aarin Chiekrie said: “IAG’s (IAG) steep ascent levelled off in the third quarter, as growth failed to soar to the heights the market expected.

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"Mirroring a fellow airline, Air France-KLM yesterday, the miss stems from lower cargo revenues, with last year’s figures benefiting from increased volumes ahead of the US presidential election. But the bigger picture needs to be kept in mind — this was a tough quarter. Stepping back, revenues and earnings per share are still up 18% and 27% year-to-date, highlighting that the group’s strategy is working.”

Richard Hunter, head of markets at interactive investor, said: “Any long-haul journey will encounter pockets of turbulence and IAG (IAG) has found that its weak performance over the last three months has been punished due to a mixture of sky-high expectations and subsequent investor disappointment.

IAG (IAG) said that overall demand for global travel remained “strong”. Group chief executive Luis Gallego added: “As expected the north Atlantic market saw some softness [in the US] and unit prices across our airlines were lower in the European market.”

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