Tesla reported a sharp drop in third-quarter earnings, contracting from $2.2 billion last year to $1.4 billion, even though its sales continued to climb. Despite the slumping profits, Elon Musk envisions accelerating plans for robotaxi services by the close of this year. The latest results highlight the company’s ongoing balancing act between innovation and economic headwinds.

Environmental advocates are once again sounding the alarm on “Dieselgate,” urging that scandal-plagued vehicles be taken off the roads for good. Millions of diesel cars continue to emit far more pollution than advertised, fueling calls for urgent policy changes and corporate accountability.

Inchcape has reaffirmed its 2025 outlook following a resilient performance in the first half of the year. The company’s sustained confidence highlights its commitment to long-term strategic goals amid market challenges.

Subaru is revising its electrification strategy as it braces for a potential $2.5 billion impact from tariffs. The automotive company is rethinking its approach in response to significant financial pressures.

Volkswagen has joined other automakers in maintaining steady prices despite growing concerns over tariffs impacting the automotive industry. This collective stance reflects the industry’s effort to navigate economic uncertainties without burdening consumers.

For the first time in nearly a decade, Tesla has reported an annual decline in sales. Despite offering incentives like 0% financing and free charging, the electric car manufacturer saw a 1.1% drop in deliveries for 2024 compared to the previous year.