Tag: AI credentials

Double Whammy for Elon Musk: Slowing EV demand and shaky AI credentials make it hard
Technology

Double Whammy for Elon Musk: Slowing EV demand and shaky AI credentials make it hard

[ad_1]  If you're building a list of the most important stocks in the market, Tesla Inc. has to be on it. Or does it? That's part of a growing debate on Wall Street, where shares of Elon Musk's electric-vehicle maker are tanking as the rest of the market rallies — and the company is warning that things may not get better for a while. An original member of the so-called Magnificent Seven tech stocks that have been driving the S&P 500 Index to new heights, traders are now wondering if Tesla's name belongs next to those other powerhouses.After doubling last year, Tesla's stock price is down 22% to start 2024. Compare that to Nvidia Corp.'s 46% surge or Meta Platforms Inc.'s 32% gain since the beginning of the year and it's easy to see where the questions are coming from. Indeed, it's b...