On this episode of Stock Movers:
- Tesla (TSLA) shares fall in premarket trading after the EV maker saw profit plunge despite a record quarter of vehicle sales, reflecting ongoing strains on the automotive business that Chief Executive Officer Elon Musk is shifting focus away from.
- Shares of IBM (IBM) slump in premarket trading on Thursday after the company reported third-quarter results that featured a disappointing read for its Red Hat hybrid cloud unit.
- Shares in quantum-computing companies IonQ (IONQ), D-Wave Quantum (QBTS), and and Rigetti Computing (RGTI) rise in early trading after the Wall Street Journal reports that the firms are are in talks to give the Commerce Department equity stakes in exchange for federal funding.

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