In the third quarter, Tesla delivered 462,890 vehicles, marking a 6.4% increase from the previous year, although this fell short of analysts' expectations of 469,828 deliveries.

Analysts anticipate that the upcoming Robotaxi event could significantly influence Tesla's stock, as similar announcements in the past have led to notable price surges.

The proposal for tariffs within the EU has sparked divisions, with Germany and Spain voicing concerns about potential trade wars, while France and Italy are in favor of the tariffs.

Countries like Germany and Spain worry that imposing these tariffs could escalate into a trade war with China, complicating the EU's trade dynamics.

Tesla has launched its Full Self Driving (FSD) software just before the end of September 2023, following a 10-month wait for its latest vehicle, the Cybertruck.

China's competitive advantage in battery and component supply chains is impacting vehicle affordability and competitiveness in the global market.

Tesla is facing challenges with declining year-over-year sales as more customers are shifting to other brands, highlighting a competitive landscape.

Competition from Chinese automakers, particularly BYD, is intensifying in Europe, with BYD reporting significant sales growth in the electric vehicle sector.

Some analysts caution that tariffs and trade restrictions could hinder the transition to electric vehicles, ultimately affecting broader climate change initiatives.

Governments worldwide are pushing for electric vehicle adoption, making EVs more accessible and prompting automakers to pivot away from internal combustion engines.

Traditional automakers like GM, Ford, and Volkswagen are adjusting their EV strategies in response to a market slowdown, with Ford reducing its EV budget allocation.

Both Tesla and BYD are committed to sustainability, making their partnership appealing to environmentally conscious consumers.