The company has devoted resources to autonomous driving rather than developing new models to attract car buyers.

Elon Musk’s recent statement, “As goes Norway, so goes the rest of the world. Combustion engine cars will be like the steam engine – quaint, but primitive,” comes as Norway cements its position as the world leader in electric vehicle (EV) adoption.

The electric-vehicle maker has an aging lineup and slumping sales, but its CEO has shifted his focus to robotaxis and robots.