Tesla is expected to report that third-quarter profit margin on auto sales fell, squeezed by lucrative incentives to lure electric vehicle buyers
investors and analysts will get a chance to grill CEO Elon Musk on his robotaxi plans on Wednesday when the electric automaker reports its quarterly results, after a much-hyped unveil this month that lacked key details and slammed shares.
. In a sign of concern for the autonomous software plan, the U.S. auto safety regulator on Friday opened an investigation into 2.4 million Tesla vehicles equipped with FSD software after four reported collisions, including a fatal crash in 2023. The company has cut prices to stimulate demand amid high interest rates, but with limited success. It has offered incentives and low-cost financing options, especially in China.
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