As Tesla doubles down on AI, this analyst says its stock has gotten harder to recommend

Core Insights - Tesla's stock valuation is increasingly tied to its AI initiatives, particularly in humanoid robots and robotaxis, which are currently not generating revenue [1] Group 1 - The focus on AI initiatives reflects a strategic shift in Tesla's business model, emphasizing future growth potential rather than immediate financial returns [1] - Investors are closely monitoring the development of these technologies, indicating a speculative aspect to Tesla's current market valuation [1] - The lack of current revenue from these initiatives raises questions about the sustainability of Tesla's stock price in the short term [1]