Tesla CEO Elon Musk yesterday laid out another series of ambitious targets while hosting a Tesla Autonomy Investor Day. 

These included more details of a plan to profitability for the American electric vehicle (EV) maker during a period of additional financial turmoil. There is concern within Wall Street that demand for Teslas has slowed after an initial global rush this year, while short-term problems such as arranging successful deliveries globally has proved to be a sticking point.

Musk forecasted that the company will become “extremely cashflow-positive” once it has established a network of “autonomous robotaxis”, beginning next year. He admitted that Tesla “won’t have regulatory approval everywhere” to run such a network but said he was “confident we will have at least regulatory approval somewhere, literally next year”.

Acknowledging criticism of Tesla sometimes failing to deliver on its promises, Musk said: “All these things, I said we’d do them. We did it. We’re going to do the robotaxi things too. The only criticism – it’s a fair one – sometimes they’re not on time”.