Tesla's profits sink, but Musk hints at robotaxi future.
Tesla's third-quarter profits have plummeted. The electric car giant saw its earnings drop significantly. This comes as the company previously cut vehicle prices.
Investors are watching closely. Tesla's stock saw a decline following the announcement. Analysts are weighing in on the mixed financial results.
CEO Elon Musk, however, offered a forward-looking glimpse. He suggested a major expansion of Tesla's robotaxi service. This ambitious plan is reportedly set for the end of the year.
The company faces challenges with its profit margins. Yet, the potential of autonomous driving technology remains a key focus. Future developments in this area will be closely monitored.
