‘These Chips Will Profoundly Change the World’ and ‘Save Lives.’ Elon Musk Doubles Down on AI Chips as TSLA Stock Stagnates YTD.

Tesla (TSLA) fell by nearly 50% earlier this year, giving up post-election gains amid a market-wide decline and a spat between President Donald Trump and CEO Elon Musk. It has been making a comeback in the past few months and is up by 3.5% year to date, although it remains nearly 12% off its YTD highs and is underperforming the S&P 500 Index ($SPX). The comeback can be attributed to Musk making a pivot to artificial intelligence. More News from Barchart Namely, he has been placing a greater emphasis on ...