Tesla's stock has fallen 22% this year, contrasting with gains by other Magnificent 7 members like Apple, Nvidia, and Amazon. The article argues Tesla, primarily an automaker, does not fit in the Magnificent 7, a group defined by transformative tech companies heavily investing in AI infrastructure. While others pour nearly $1 trillion into AI data centers, Tesla's AI efforts, including autonomous driving and robotics, remain limited and unproven. The suggestion is to consider the group as Magnificent 6, excluding Tesla, and to view Tesla more as a car company than a tech giant.
Elon Musk told G20 leaders AI and robotics could add $20 to $30 trillion annually to the global economy within about 18 months, citing Tesla's self-driving tech, upcoming humanoid robots, and advanced AI software. However, experts and supply chain co...
At a G20 event, Elon Musk forecasted that artificial intelligence could increase the global economy by 20% to 30%, equating to $20-$30 trillion per year. He believes AI will soon handle all tasks not requiring manual atom shaping, possibly by the end...
Tesla held its Cybercab event on September 3 in Austin, Texas, showcasing its autonomous taxi technology with high marketing hype. However, Wall Street remains cautious, with Morgan Stanley maintaining a 'Hold' rating and a $400 price target, noting ...
Tesla reported record Q2 2026 deliveries of 480,126 vehicles but faced a sharp decline in operating margins due to rising expenses and heavy investment in AI and autonomy technology. Meanwhile, BYD continues to grow steadily with strong sales of plug...
In July 2026, global electric vehicle (EV) sales increased by 7% year-over-year, reaching a 27% market share. Europe showed strong growth with a 40% increase, while China’s sales declined by about 5% but maintained a dominant 65% share, boosted by a ...
