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ID: 54936666 Video

Headline: Tesla Promises Cheaper Cars, EU Self-Driving Approval Amid Profit Slump

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Tesla says it's building a more affordable model and expects to launch its self-driving software in Europe this year, moves aimed at reviving a business hit by falling sales, tighter U.S. tax rules, and rising competition from China.

Keywords: Motoring,Tesla,affordable model,self-driving software,Europe,Elon Musk,Q2 results,revenue drop,profit slump,EV tax credits,U.S. tariffs,\$300 million loss,Vaibhav Taneja,Netherlands,European sales,shareholder pressure,brand image,rising competition,China EV market,Tesla margins,cheaper car,autonomous driving approval,Tesla strategy,2025 auto industry

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