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Tesla's profit engine is sputtering. Elon Musk has bet its future on a promise he's far from delivering [CNN]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
Tesla debuted its ride-hailing service using cars with its so-called full self-driving (FSD) tech in Austin, Texas, in June. At the rollout, CEO Elon Musk announced the ambitious goal of serving half the US population by the end of the year. But by October, that target was reduced to eight to 10 metro areas. And at the start of 2026, robotaxis are available in just two locations — Austin and the San Francisco Bay area — and a company employee needs to be along for the ride in both. Tesla did not respond to CNN questions about its service. Shares of Tesla ( TSLA ), meanwhile, have climbed more than 50% since June to a record-high on Musk's big promises. Musk previously said the service would greatly change the financial outlook for Tesla, making it the most valuable company on the planet. But its main source of revenue — electric vehicle (EV) sales — is sputtering, falling by a record 9% in 2025. That makes 2026 a critical year for Tesla. The company must start to live up to i
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