Gary Black raised concerns on August 12, 2026, about Tesla scaling back its Full Self-Driving (FSD) ambitions.
Tesla previously targeted FSD service reach for half the U.S. population last year. The company now aims for a more modest goal of doubling its fleet size monthly.
Head of AI Ashok Elluswamy reported a current FSD fleet growth rate of 10% per week. This slow progress questions the company's trajectory toward achieving full autonomy.
These developments erode investor confidence in Tesla's ability to scale autonomous technology. This technology remains a key justification for the company's high market valuation.