"There's been no dearth of sell signals for Tesla Inc. It's facing a potential sales halt in California, an electric vehicle slowdown across the US and is losing market share in China and Europe. But all that hasn't deterred investors excited about its work with artificial intelligence and autonomous-driving development efforts. The carmaker's shares have rallied 25% since a low on Nov. 21, notching a record for the first time this year."
"The optimism centers around Chief Executive Officer Elon Musk's aspiration to turn Tesla into a powerhouse in robotics and AI, the booming technology that has driven global stocks to record highs. The company's push into autonomous vehicles has drawn praise from analysts, with some saying Tesla will be a game changer in this field. Tesla is showcasing that they are close to monetizing on AI, said Moritz Kronenberger, a portfolio manager at Union Investment,"
Tesla faces risks including a potential California sales halt, a US electric-vehicle slowdown and market-share losses in China and Europe. The company's shares rallied 25% since a Nov. 21 low and reached a record high. Investor optimism centers on CEO Elon Musk's drive to make Tesla a robotics and artificial-intelligence powerhouse and on autonomous-driving development. Analysts have praised the push into autonomous vehicles and some predict Tesla could be a game changer. Union Investment noted Tesla appears close to monetizing AI, citing ambitions to build robots and self-driving taxis. Links to SpaceX and wider Musk ventures amplify retail investor enthusiasm.
Read at www.mercurynews.com
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