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WSJ Tech News Briefing

TNB Tech Minute: Porsche Posts First Loss in Years After Bad EV Bet

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.31.7K Ratings

🗓️ 24 October 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Alaska Airlines cancels hundreds of flights after a technology outage. And Santee Cooper is in talks to sell inactive nuclear reactors to Brookfield Asset Management to power AI data centers. Zoe Kuhlkin hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Nearly home.

0:02.2

Isn't home where we all want to be?

0:04.4

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0:09.2

A dream home isn't a dream home if it comes with a nightmare commute.

0:12.9

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0:17.7

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0:23.5

real with realtor.com. Pro's number one most trusted app based on August 2024 proprietary survey.

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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