TNB Tech Minute: Porsche Posts First Loss in Years After Bad EV Bet
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 24 October 2025
⏱️ 3 minutes
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| 0:00.0 | Nearly home. |
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| 0:31.9 | Here's your afternoon, TNB Tech Minute for Friday, October 24th. I'm Zoe Colkin for the Wall Street Journal. |
| 0:39.6 | Portia has posted its first quarterly loss since it went public in 2022, after taking a hefty |
| 0:45.3 | charge related to its premature bet on electric vehicles. The automaker reported an operating |
| 0:50.5 | profit of roughly 40 million euros, or 4646 million, from the top of the year |
| 0:55.5 | through September, down for more than 4 billion euros a year earlier. Aside from the public's |
| 1:01.7 | lessening interest in EVs, Porsche has also struggled from the tough Chinese market and |
| 1:06.9 | President Trump's tariffs. Sales and deliveries were down 6% from the same period last year, |
| 1:12.6 | and around 23% of those delivered were fully electric, |
| 1:15.6 | and 12% were plug-in hybrids. |
| 1:18.6 | More than 360 Alaska Airlines flights have been canceled |
| 1:22.6 | after a technology outage disrupted operations for hours late last night. |
| 1:26.6 | According to the airline, the problem began with a failure at its primary data center. |
| 1:31.3 | The company said it was not a cybersecurity breach and didn't compromise flight safety. |
| 1:36.3 | Alaska also postponed its third quarter conference call as a result to help the airline focus on recovering operations and supporting customers. |
| 1:45.0 | And we're exclusively reporting on another potential deal to power data centers underpinning the AI boom. |
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