Tesla's AI dreams may 'materialize on a longer time horizon (or not at all),' UBS warns
Briefly

While TSLA is investing heavily in AI and the tech is making progress, investment is costly, pace of improvement may slow and the payoff is long dated... [UBS] downgrade to Sell.
Tesla's valuation may have been driven too high, too fast by overly optimistic AI-loving investors... Tesla is trading at over 85 times its forward earnings.
Read at Fortune
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