Tesla Smashes Sales Record as US Subsidies Expire, Faces Tech Giants in Robotaxis Race
Tesla has achieved a record-breaking quarter, selling nearly 500,000 vehicles. This impressive feat was driven by US subsidies for electric cars, which expired recently. Meanwhile, the company faces stiff competition in the fields of robotaxis and humanoid robots from the likes of Waymo, Zoox, Google, and Amazon.
Tesla's sales surged by 7.4 percent in the third quarter, marking its highest ever. This remarkable growth was fuelled by a final rush to purchase vehicles before the US subsidies for electric cars expired. The incentives, worth $7,500, proved to be a significant catalyst for sales. However, analysts caution that this early boost could potentially lead to slower business in the coming quarters.
In the competitive landscape of autonomous and robotic technologies, Tesla finds itself up against formidable rivals. Waymo, renowned for its advanced autonomous driving technology, and Zoox, an Amazon-backed company developing autonomous taxis, are among Tesla's main competitors in the robotaxis sector. Furthermore, tech giants like Google and Amazon are also significant players in this field, further intensifying the competition.
Tesla's record-breaking quarter demonstrates the company's strength in the electric vehicle market. However, the impact of the US subsidies' expiration on future sales remains to be seen. As Tesla continues to innovate, it must navigate a competitive landscape dominated by tech heavyweights like Waymo, Zoox, Google, and Amazon in the realms of robotaxis and humanoid robots.
