For Tesla, AI Is Great—but Cars Still Matter

CONCLUDED Tesla Shareholders Pass Elon Musk's Historic $1T Pay Package Last Updated: 7 hours ago For Tesla, AI Is Great—but Cars Still Matter By Al Root Make no mistake: The pay package is all about AI. Even Tesla stock's valuation is about AI. But the car business still matters. Without it, there's no funding for the company's AI ambitions. Tesla, one of the Mag 7 stocks, is worth roughly $1.5 trillion, more than 10 times the combined value of GM and Ford. EVs aren't the reason for that lofty valuation. In ...