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.

Following a dismal earnings report, Elon Musk announces a significant reduction in his involvement with DOGE, raising questions about his ability to steer Tesla back on course. As profits sink and backlash over his political role intensifies, can Musk reverse Tesla’s declining fortunes?