Tesla’s Profits Plunge by 71% Amid Backlash Against Musk, Promises Autonomous Driving Advancements

Tesla, the electric car giant, is currently experiencing a major setback in profits with a staggering 71% drop. This decline is primarily attributed to the backlash against CEO Elon Musk’s political affiliations and public support for controversial figures. The company is also facing a sharp decline in European sales, leading to protests and significant damage to the brand’s reputation. Despite facing tough competition from other electric vehicle manufacturers like BYD, Musk remains determined to steer Tesla back on track. He has outlined plans to refocus on the company by promising advancements in autonomous driving technology and a renewed emphasis on innovation. This strategic shift aims to regain consumer trust and boost sales in the highly competitive automotive market. Tesla’s ability to navigate through these challenges and adapt to the evolving industry landscape will be crucial for its long-term success in India and beyond.

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