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

Alphabet is making waves with a massive $5 billion bet on Waymo, indicating a strong push for autonomous driving. Meanwhile, Tesla faces challenges as profits tumble due to declining sales. GM reports surprising profits, contrasting with Tesla's struggles, yet fears surrounding the Chinese market loom large. The automotive industry is grappling with labor strikes and cyberattack repercussions, while automakers pivot strategies for electric vehicle production, aiming to adapt and innovate amid turmoil.