Sales of the Cybertruck have faced challenges, with Tesla offering thousands of dollars in discounts on inventory vehicles in recent months.

Musk told investors Tesla’s growth depends on Optimus humanoid robots, Cybercab robotaxis and boosting vehicle production as autonomy nears.

Beijing is granting short-term permits for Nexperia chip exports but reliable supplies in the future will depend on relations between the U.S. and China, VW executive Ralf Brandstaetter said.

The chip specialist, which has close ties to Stellantis, Volvo and Mercedes, will challenge driver assistance rivals Nvidia and Mobileye by offering derivatives of a system that debuts in the BMW iX3.

The move is the strongest signal yet from Beijing that it will ease pressure on the global auto industry caused by export curbs imposed after the Dutch government took control of Nexperia, a key ...