Tesla's AI-driven stock valuation seemingly disconnects from its EV business's slowing demand, as Elon Musk promotes investment based on self-driving car potential.
Tesla stock's AI valuation is considered detached from reality as the company's core EV business faces slowing demand. Elon Musk encourages investment based on self-driving car potential, but the stock currently values Tesla as if it's already achieved this. David Mazza of Roundhill Investments suggests the multiple is not realistic, and the stock isn't cheap despite its recent decline.
May 03, 2024
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