Elon Musk has confirmed robotaxi testing, sparking investor excitement over Tesla’s AI ambitions. However, Musk has a history of missing deadlines, raising concerns about Tesla’s future. The company’s core revenue streams come from EVs and solar energy, but its success hinges on AI-driven autonomous vehicles. As of December 16, Tesla stock is near all-time highs due to positive robotaxi updates.

Tesla’s history of missed deadlines includes unfulfilled promises like a fully autonomous cross-country drive, delays in the Tesla Semi truck production, and the unreleased Roadster 2.0. Musk’s prediction of 1 million robotaxis on the road by 2020 has not materialized, with delays in the Cybertruck launch and full self-driving technology completion. These past missteps raise doubts about Tesla’s future success with robotaxi.

During Tesla’s Q2 earnings call, Musk announced plans for autonomous ride-hailing in multiple U.S. markets by the end of the year. However, robotaxi launches in Austin and San Francisco featured limited service with safety drivers. Recent testing without occupants has caused Tesla stock to rise, but the delayed commercial launch raises skepticism. Tesla’s high valuation and declining EV business suggest caution in investing before 2026.

Potential investors in Tesla stock should consider the company’s inflated valuation, declining EV business, and unfulfilled promises. Tesla’s focus on AI-driven technologies like robotaxi may not lead to immediate financial rewards, warranting caution in investment decisions. The company’s history of missed deadlines and overpromising raises doubts about its future success, highlighting the importance of due diligence before investing in Tesla.

Read more at Nasdaq: Prediction: Tesla’s Joyride Will Come to a Screeching Halt in 2026 (Spoiler Alert: Elon Broke Another Promise)