Tesla's Earnings Surge as Musk Promises Millions of Robotaxis

Elon Musk's ambitious plans for autonomous vehicles excite investors despite past delays and regulatory hurdles.

Tesla reported a 17% increase in profits for the third quarter, marking a significant turnaround after previous declines.
Musk announced plans to produce up to four million 'Cybercab' robotaxis annually, targeting mass production by 2026.
Despite past promises, Tesla's current self-driving technology still requires human oversight, unlike competitors like Waymo.
Tesla's cost-cutting measures have led to a notable improvement in profit margins, reaching 19.8% in the latest quarter.
Political support from Donald Trump could potentially aid Tesla in navigating regulatory challenges for autonomous vehicle approval.