Look, everyone on the planet agrees that calling it FSD was over-promising. You are not adding anything to the conversation by pointing that out, or by confusing technology with "magic". The fact remains that software developed by a competent team can actually improve over time, despite the insanity of corporate leadership, and that's what is happening here.
The fact also remains that fraud (even if it's not prosecuted) is fraud. You promise X and deliver... not X, for years? You're a fraud. Even if you are getting better at delivering Y, for some value of Y which is Far, Far less than X.