"Magnificent Seven Membership in Doubt as Tesla's Stock Value Fades"

1 min read
Source: Fortune
"Magnificent Seven Membership in Doubt as Tesla's Stock Value Fades"
Photo: Fortune
TL;DR Summary

Tesla's stock is plummeting while the rest of the market is rallying, raising questions about its place among the "Magnificent Seven" tech stocks. Despite Elon Musk's efforts to position Tesla as an AI investment, the company faces challenges as demand for its products fades and its AI credentials are questioned. With slowing EV demand and a high valuation, Tesla's future is uncertain, but some investors believe in its potential dominance in the electric car industry. However, the company's heavy exposure to the cyclical automotive industry and uncertainty around self-driving technology make it a risky investment.

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