6min chapter

Automotive News Daily Drive cover image

July 24, 2024 | Alphabet bets $5 billion on Waymo; Tesla profit tumbles on lower sales

Automotive News Daily Drive

CHAPTER

Shifts in the Automotive Landscape

This chapter examines significant trends in the automotive industry, highlighting Alphabet's $5 billion investment in Waymo and Tesla's disappointing financial outcomes. It also addresses ongoing challenges such as labor strikes and the impacts of cyberattacks on dealership operations, signaling a transformative period for automotive manufacturers.

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