TeslaVolkswagen
Tesla Faces Costly EV Pivot as VW Bets on China
Tesla’s Q2 results showed a sharp split between growth and profitability: revenue rose 26% to $28.24 billion and deliveries hit 480,000, but operating profit fell 57% as the company entered its biggest investment cycle yet. At the same time, Volkswagen China handed its 2027 Level 3 autonomous-driving roadmap to Horizon Robotics, while Porsche expanded restructuring plans—underscoring how the Chinese EV market, autonomy, and capital discipline are reshaping the global industry.
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