'Elon Musk Would Probably Disagree,' But Expert Says 'Investors Don't See Tesla As An AI Play Like Most Of The Other Magnificent Seven Stocks'

Benzinga ·  Feb 12 01:34

As$Tesla (TSLA.US)$struggles with plummeting stock prices, investors are questioning its place among the "Magnificent  Seven" tech stocks that have been driving the$S&P 500 Index (.SPX.US)$to new heights.

What Happened: Tesla, once a key player in the Magnificent Seven, is now grappling with a significant drop in its stock price. 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$NVIDIA (NVDA.US)$and$Meta Platforms (META.US)$.

While six of the seven companies are thriving due to the growing artificial intelligence (AI) sector, Tesla's unique challenges are becoming increasingly apparent. Despite...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment