Tesla Profits Drop as Rivals Falter; Robotaxis and EVs Forge Ahead Despite Setbacks

Tesla shares drop after reporting falling margins and profits in Q3 earnings. Cybertruck deliveries now set for November 30.

Convoy, the digital freight startup, abruptly shuts down operations citing "massive freight recession." Wipes out investors 18 months after $260M funding round.

Rivian's electric R1T pickup takes first place at the Rebelle Rally off-road event, beating out gas-powered vehicles.

Cruise robotaxi service launching in Japan in 2026 through new JV with GM and Honda. NHTSA investigating Cruise AV system over incidents with pedestrians.

UAW strike affecting automakers - Stellantis cancels CES plans, GM delays EV factory conversion. NHTSA proposing stricter mpg rules welcomed by Tesla.