Tesla Shares Jump 12% on Musk's AI Vision Despite Earnings Miss

April 28, 2024
Tesla Shares Jump 12% on Musk's AI Vision Despite Earnings Miss
  • Tesla's stock increased by 12% following CEO Elon Musk's focus on AI and robotics during an earnings call.

  • The company's earnings were below expectations with concerns about slowing growth prospects.

  • Musk's prioritization of AI over affordable vehicle production raises questions about Tesla's strategic direction.

  • Tesla faces stiff competition in the Full Self-Driving (FSD) market, particularly from Alphabet's Waymo.

  • Experts believe an affordable Tesla model could see widespread adoption, yet doubts linger due to the new focus.

  • Despite uncertainties, The Motley Fool lists Tesla among the top 10 stocks to buy, citing its FSD potential.

  • Investors are cautioned as Tesla's stock may carry a significant premium based on its FSD prospects.

Summary based on 11 sources


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