Look at Tesla Now

The electric carmaker surprised everyone by posting a profit this quarter, sending its shares soaring. Just a few months ago, Tesla was losing money, struggling to raise capital and falling behind on sales. (It was also scrambling to convince the Securities and Exchange Commission that its chief executive, Elon Musk, wouldn’t tweet anything illegal anymore.) What turned things around? Aggressive cost-cutting measures like closing stores, streamlining its operations and opening a factory in China to manufacture its forthcoming Model Y vehicle.

WeWork Gets a Lifeline

The shared office company, which has been hemorrhaging money since its botched attempt to go public earlier this year, is getting a bailout in the form of a multibillion-dollar takeover by SoftBank, its largest outside investor. The deal would infuse the business with much-needed cash and oust its co-founder and former chief executive, Adam Neumann, whose bombastic leadership style is widely blamed for driving the company into the ground. Although the deal values the company at $7 billion — a pitiful sum compared with the $47 billion valuation that SoftBank reckoned the company was worth in January — it still seems like a pretty sweet situation for Mr. Neumann, who will stay on a consultant and could walk away with a billion dollars.

Image Credit... Till Lauer

What’s Next? (Oct. 27-Nov. 2)

Boeing in the Hot Seat

Boeing’s chief executive, Dennis Muilenburg, will testify before Congress this week about new revelations that a test pilot warned of an “egregious issue” with the company’s 737 Max planes in 2016 but never reported it to regulators. That was more than two years before two of those jets crashed, killing 346 people. The entire 737 Max fleet has been grounded since the second crash in March, costing Boeing more than $8 billion and throwing the airline industry into turmoil. Mr. Muilenburg, who was recently stripped of his chairman title, is faced with the undesirable task of explaining why Boeing previously said that it had no idea there was anything wrong with the aircraft. The company fired the head of its commercial planes division, Kevin McAllister, on Tuesday.