"Expert Analysis: Tesla's AI Potential and Stock Performance Amidst Elon Musk's Challenges"

As Tesla's stock prices plummet, investors are questioning its place among the "Magnificent Seven" tech stocks, with experts noting that investors don't see Tesla as an AI play like most of the other members. Tesla's unique challenges, including a slowdown in electric vehicle demand and uncertainties surrounding self-driving car technology, are becoming increasingly apparent. Analysts have slashed Tesla’s average 2024 profit estimate by nearly half over the past year, while expectations for the other Magnificent Seven members have either risen or remained steady. Despite some remaining optimistic about Tesla’s long-term prospects, the company's future remains uncertain, with the success of its autonomy efforts being a key factor.
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- Three stocks that could replace Tesla in the 'Magnificent 7' CNBC
- Elon Musk's Tesla is in all kinds of trouble Quartz
- Tesla (TSLA) Stock Value and Elon Musk's Magnificent Seven AI Rivals Bloomberg
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