Elon Musk has a track record of making excessive promises regarding Tesla's future, particularly around full self-driving technology. In 2023, he admitted his past predictions were overly optimistic, referring to himself as the 'boy who cried FSD.' Despite acknowledging a significant drop in profits of 71% and declining demand for the Cybertruck, Musk claims Tesla's future lies in becoming the world's leading robotics company. He encourages investors to look past current challenges, asserting that the future demand for affordable AI-powered robots will be vast, contrasting with the struggling automotive sector.
"My predictions about achieving full self-driving have been optimistic in the past," Musk admitted to investors in 2023. "I'm the boy who cried FSD."
Musk asserted the "future for Tesla is brighter than ever," despite a 71 percent dip in profits and tanking worldwide sales for his company's aging cars.
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