Tesla CEO Elon Musk has acknowledged that the final version of the company’s Full Self-Driving (FSD) technology is not yet ready for public release — and there is no definitive date for when it will be available.

During Tesla’s conference call following the release of its Q1 2025 financial results, Musk updated shareholders about the company’s self-driving plans, which he emphasized as essential to Tesla’s future, according to Daily Galaxy.

Since 2016, Tesla has marketed vehicles claiming they have the necessary hardware for FSD features — significantly boosting sales of the FSD package — which can cost buyers up to $12,000.

However, during the call, Musk said, “We’re going to have to upgrade the Hardware 3 computer” to achieve true self-driving capabilities, the outlet reported.

The announcement sparked backlash from customers who felt misled, prompting Tesla to cover the costs of upgrading affected vehicles to the newer Hardware 4 — a move analysts estimate could reach hundreds of millions of dollars.

Tesla previously faced lawsuits for false advertising, including during the transition from Hardware 2 to Hardware 3, and then offered free upgrades to some affected customers.

Since promising self-driving capabilities in 2016, the company has repeatedly had delays on an actual release date while updating its hardware at nearly every stage of development.

From nationwide boycotts to increasing competition and market pressures, Musk has faced significant setbacks for Tesla, partly due to his decision to align with President Donald Trump, as AFROTECH™ previously reported — challenges highlighted by its first-quarter deliveries falling short of estimates.

One-third of Musk’s estimated $330 billion fortune is tied up in Tesla stock. While the company’s stock price once soared to a peak of $479 shortly after Trump’s November 2024 election win, it has since plummeted by 48%, marking Tesla’s lowest quarter since 2022.

“We are not going to look at these numbers with rose-colored glasses… they were a disaster on every metric. The Street and us knew a bad 1Q was coming but this was even worse than expected,” Wedbush Securities analyst Dan Ives said of the results.

Tesla delivered 336,681 vehicles in its first quarter of 2025 — 50,000 fewer than in the prior-year period — resulting in a 13% sales decline from 2024. The figures mark the company’s largest delivery decline in history, coinciding with lower European sales and growing competition from China.

“What they’re trying to do is put massive pressure on me, and Tesla, I guess, to you know, I don’t know, stop doing this,” Musk said on March 30, as AFROTECH™ noted. “My Tesla stock and the stock of everyone who holds Tesla has gone, went roughly in half. I mean it’s a big deal.”

Still, Musk remains optimistic, adding, “Long term I think Tesla stock’s going to do fine, so maybe it’s a buying opportunity.”