Elon Musk warns of risks to Tesla from the removal of tax incentives and rising costs, with the company reporting a drop in net profit.

Elon Musk said Tesla faces an uncertain future due to the removal of incentives for electric vehicles and new legislation affecting the green energy sector. The company reported a 23% drop in net profit and a significant reduction in revenue from the sale of emissions allowances. Tesla is also facing rising production costs due to tariffs on components imported from China and growing competition. Tesla's shares fell more than 4% after the statements, and Musk is focusing his efforts on developing the robotaxi service and the Optimus robot, despite the economic uncertainties.