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

    Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk remains bullish on a future that's self-driving and battery-powered.
    by Camila Domonoske Apr 23, 2024 3 minutes
    Updated April 23, 2024 at 9:14 PM ET

    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 CFO Vaibhav

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