Elon Musk Faces Scrutiny Over Tesla Results

Tesla is set to face scrutiny from investors and analysts as CEO Elon Musk presents the company's quarterly results, following a disappointing unveiling of its robotaxi plans that lacked critical details and led to a drop in share prices. Analysts expect Tesla to report a decline in third-quarter profit margins due to the need for substantial incentives to attract electric vehicle buyers, alongside a potential first-ever drop in annual deliveries amid heightened competition from cheaper EVs in China and new models from U.S. automakers. Musk has promised that the robotaxi will enter production in 2026 and be priced under $30,000, with unsupervised use of Tesla's Full Self-Drive (FSD) software beginning next year in select states. However, the U.S. auto safety regulator has launched an investigation into 2.4 million vehicles with FSD software after several reported collisions, raising concerns about the safety of the technology. Despite these challenges, Tesla showed sales growth in September, particularly in China, suggesting resilience amidst fierce competition. Analysts are keenly awaiting Musk's insights on production timelines and Tesla's overall strategy during the upcoming earnings call.