Tesla has announced nearly 463,000 vehicle deliveries in the third quarter of 2023, reflecting a 6% increase from the previous year and a 4% rise from the second quarter.

In addition to its delivery success, Tesla is recalling specific 2024 Cybertruck models due to issues with delayed rearview camera images when shifting into reverse.

The company's Full Self-Driving (FSD) technology, classified as partial automation, continues to face scrutiny due to accidents associated with its use.

Meanwhile, the German automotive industry is grappling with a crisis, with major manufacturers like Volkswagen and Mercedes making significant cuts and facing potential plant closures.

The German government's new economic forecast predicts a contraction in GDP for 2024, a shift from earlier expectations of growth.

Consumer sentiment in Germany's retail sector has also declined, with the Ifo Institute's business climate index for retail dropping significantly.

In response to perceived unfair competition from China, the EU is implementing trade restrictions aimed at protecting its automotive sector, which employs around 14 million people.

These measures are designed to create fair competition conditions for European car manufacturers, who argue that their Chinese counterparts benefit from substantial public subsidies.

As trade tensions rise, Chinese Commerce Minister Wang Wentao and his U.S. counterpart are set to discuss trade relations, focusing on electric vehicle restrictions.

The proposed tariffs on electric vehicles have elicited mixed reactions, with some Chinese automakers cooperating with investigations to secure lower duties.

The EU's contradictory stance of banning affordable electric cars while pushing for electrification highlights inconsistencies in its policies.

This situation mirrors similar developments in the UK and the U.S., where tariffs on Chinese-made electric vehicles have been implemented.