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According to an expert, while Tesla founder Elon Musk may not concur, it is true that many investors view Tesla not solely as an AI stock like most of the other top seven companies.

Benzinga LogoBenzinga1w ago

 According to an expert, while Tesla founder Elon Musk may not concur, it is true that many investors view Tesla not solely as an AI stock like most of the other top seven companies. - Benzinga

Quick Summary:

"Although Elon Musk would probably disagree, investors don't see Tesla as an AI play like most of the other Magnificent Seven stocks," said Matthew Maley, chief market strategist at Miller Tabak + Co., reported Bloomberg.

As Tesla Inc (NASDAQ:TSLA) struggles with plummeting stock prices, investors are questioning its place among the “Magnificent Seven” tech stocks that have been driving the S&P 500 Index to new heights.

The company’s shares have fallen by 22% in 2024, in stark contrast to the soaring stock prices of other Magnificent Seven members such as NVIDIA Corp (NASDAQ:NVDA) and Meta Platforms Inc (NASDAQ:META).


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 According to an expert, while Tesla founder Elon Musk may not concur, it is true that many investors view Tesla not solely as an AI stock like most of the other top seven companies. - Benzinga (Picture 1)

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Article Details

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-02-12 @ 06:02:52 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 609 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20041377

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 40 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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