The latest Market Talks covering the Auto and Transport sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1504 GMT - Tesla plans to wind down Cybertruck production in mid-2027 as the company pivots its focus toward Cybercab output. "This announcement underscores Tesla's commitment to Robotaxi and is a bullish signal following the recent progress we have already seen in Austin," Morgan Stanley analysts say in a research note. "Reallocating Cybertruck capacity puts additional manufacturing resources behind that momentum and signals management's confidence in the Cybercab/robotaxi opportunity." The analysts note that Tesla CEO Elon Musk didn't specify future plans for Cybertruck production. Shares are up 4.3%. (connor.hart@wsj.com)

1215 GMT - Tesla is winding down production of the Cybertruck, its stainless-steel pickup once hailed as a disrupter within the electric-vehicle market. CEO Elon Musk in a post on X says the decision to wind down production will "make room" for increased production of Tesla's self-driving Cybercab. But it also comes as the truck suffers from slow demand. In October, 1,914 Cybertrucks were registered in the U.S., The Wall Street Journal reports, citing data from Motor Intelligence. By comparison, Ford sold more than 70,000 F-Series trucks last month. (connor.hart@wsj.com)

0910 GMT - Daimler Truck's third-quarter orders are below consensus, but RBC Capital Markets thinks institutional investors had already lowered their expectations given peer results and industry order data. Trucks North America orders of 29,400 compared with consensus at 34,900, while Mercedes-Benz Trucks orders of 37,600 compared with consensus at 38,500, analyst Nick Housden writes. Margins were broadly in line, free cash flow was strong, and full-year guidance unchanged, he adds. Shares fall 3.5% to 40.45 euros. (dominic.chopping@wsj.com)

0841 GMT - Oil prices fall below $100 a barrel, with investors focused on Washington's next move on Iran after the U.S. midterm elections. In early European trading, front-month Brent crude is down 0.7% to $97.54 a barrel, while WTI futures decline 0.8% to $89.83 a barrel. The benchmarks are on track for a staggering weekly loss of more than 13%. Traders continue to monitor developments in the Middle East amid signs of diplomatic efforts to end the war. However, the prospect of a U.S.-Iran peace deal remains distant, with a lengthy and uncertain path ahead. Continued attacks on shipping in the Gulf and the risk of renewed military escalation threaten crude exports, keeping supply concerns in focus. (giulia.petroni@wsj.com)

0837 GMT - Daimler Truck's third-quarter order intake missed consensus, particularly in North America, and demand is weak for 2027, Bernstein analysts write. However, revenue and EBIT are in line with expectations and guidance is unchanged. Order intake fell short of consensus by 9%, driven by a 16% miss in North America and a 2% lag at Mercedes-Benz. "While disappointing, this was consistent with truck peers across the reporting season," the bank says. Daimler Truck North America was in line on unit sales, although revenue and EBIT missed consensus by 3% and 1%, respectively. Segment guidance for the fourth quarter is unchanged, and still points to a major step up in Mercedes-Benz Trucks margins. "Overall little incremental news after all peers have already reported, but little to get excited about either." Shares in the German truck and bus maker fall 6.4%. (dominic.chopping@wsj.com)

0822 GMT - IAG's positive demand outlook means the British Airways owner is on track to meet consensus expectations for 2026, despite missing profit estimates for the third quarter, RBC Capital Markets' Ruairi Cullinane says in a research note. The airline group needs to deliver a fourth-quarter operating profit before exceptional items of 743 million euros to reach full-year consensus estimates, the analyst says. This looks achievable even after a third-quarter miss, given that its forward-booking trends look encouraging and there is scope for nonfuel unit pressures to moderate in the fourth quarter, he adds. Shares in London are up 0.7% at 430.70 pence.