Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. Tesla (TSLA) announced that in the third quarter, the company produced 237,823 vehicles and delivered 241,300. Model S/X production was 8,941 and deliveries were 9,275. Model 3/Y production was 228,882 and deliveries were 232,025. The total subject to operating lease accounting was 7%. Tesla said, “Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more.” 2. The chief executive of the biotech behind the first COVID-19 vaccine has said a new formulation is likely to be needed by the middle of next year to protect against the virus as it mutates, Financial Times’ Erika Solomon and Nikou Asgari reported. Ugur Sahin, chief executive of BioNTech, told the Financial Times that as time passes, mutations will emerge that can evade the body’s immune defenses. “This year (a different vaccine) is completely unneeded. But by mid next year, it could be a different situation,” he predicted. 3. Facebook (FB) shares began September at an all-time high. The company, and stock, have faced a rough stretch since, Max Cherney wrote in this week’s edition of Barron’s. Facebook now exists in permanent controversy. Yet the stock over a longer period continues to outperform, the author noted. Facebook’s business and its stock remain nearly impervious to negative headlines-and there are surely more of those to come, the publication added. 4. Sony’s (SONY) “Venom: Let There Be Carnage” won the domestic box office with $90.1M, the biggest three-day launch of the pandemic area. “Venom 2” marks the second-best October launch of all time behind “Joker” two years ago. Back in August, Sony had pushed the movie from September 24 to October 15 amid uncertainty over the delta variant, but when “Shang-Chi” did so well, the studio relocated “Venom 2” to October 1. 5. Cimarex Energy (XEC), Marathon Oil (MRO), Royal Dutch Shell (RDS.A), Meritor (MTOR), Nucor (NUE), Cleveland-Cliffs (CLF), U.S. Steel (X), and Steel Dynamics (STLD) saw positive mentions in this week’s edition of Barron’s.
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