Californians endure second round of PG&E blackouts

This image shows a dark San Francisco skyline during a sunset, with the darkened Golden Gate bridge in the distance
Golden Gate Bridge during a blackout on Oct. 9. Photo: Jane Tyska/MediaNews Group/The Mercury News via Getty Images

Another widespread pre-emptive blackout began Wednesday for 17 California counties, as the state faces high wildfire risks that are expected to last through Thursday night, the San Francisco Chronicle reports.

The big picture: PG&E's CEO Bill Johnson said last week that it could be a decade before the company has made enough improvements to its electric infrastructure to prevent these blackouts, which aim to prevent wildfires during high-wind periods and dry spells.

Tesla posts unexpected profit in Q3

Tesla charging station
Photo: Smith Collection/Gado/Contributor/Getty Images

Tesla surprised Wall Street with a profit of $143 million in Q3, and it announced plans to ramp up vehicle production at its China factory sooner than expected. Deliveries of its Model Y SUV crossover will launch next summer, ahead of schedule, the company said.

Why it matters: Tesla's recent cash-losing streak is over, though the company turned a bigger profit in 2018's Q3. The electric car company also saw its first annual revenue drop since 2012, as it sells more of its lower-priced Model 3 vehicles and fewer higher-priced models.