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'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 ·  02/12 14:34

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

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