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.

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Pelosi on state of coronavirus stimulus talks: "It's a chasm"

Democrats and the Trump administration remain "miles apart" on negotiations over a coronavirus stimulus deal, House Speaker Nancy Pelosi (D-Calif.) said on Wednesday.

Driving the news, via Axios' Dion Rabouin: Congress' failure to renew enhanced unemployment measures for millions of Americans at the end of July is already affecting consumer spending patterns, holding down retail purchases and foot traffic, economists at Deutsche Bank say.

Updated 21 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of noon ET: 20,391,697 — Total deaths: 744,211— Total recoveries: 12,625,076Map.
  2. U.S.: Total confirmed cases as of 11:30 a.m. ET: 5,161,612 — Total deaths: 164,690 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. Business: U.S. already feeling effects of ending unemployment benefits — U.S. producer prices rose last month by the most since October 2018.
  4. Public health: America is flying blind on its coronavirus response.
  5. Education: Gallup: America's confidence in public school system jumps to highest level since 2004.
  6. World: Lebanon reports coronavirus record, UN warns Beirut blast may drive cases higher
50 mins ago - World

U.S. threatens to veto UN peacekeeping in Lebanon over Hezbollah concerns

Peacekeepers with Lebanese troops in southern Lebanon. Photo: Jalaa Marey/AFP via Getty

The Trump administration is threatening to veto a resolution to extend the UN's long-standing peacekeeping mission in southern Lebanon if its mandate isn't changed, Israeli and U.S. officials tell me.

Why it matters: The U.S. is the main funder of the UN Interim Force in Lebanon (UNIFIL), which has an annual budget of $250 million. The veto threat is a tactical move, and part of a broader effort to put pressure on Iran and its proxy in Lebanon, Hezbollah.