Tesla profits have plummeted. Elon Musk remains all-in on robotaxis

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With his son in one arm, Tesla CEO Elon Musk waves while visiting the Tesla Gigafactory in Germany in March. Ebrahim Noroozi/AP

Ebrahim Noroozi/AP

After a barrage of bad news and a sharp drop in profits at Tesla, CEO Elon Musk sought to reassure investors on Tuesday that the revolutionary electric vehicle company is still on a long-term path to growth — thanks to AI and autonomous vehicles.

“We’re putting the actual ‘auto’ in ‘automobile,’ ” Musk said, to chuckles from his executive team.

“The future is really bright,” Tesla

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