AI Chip Strategy & Setbacks - Tesla's move away from in-house AI chip manufacturing is a setback, impacting its vertically integrated approach [1][2] - The company will rely on both Dojo and Nvidia chips for AI model training [2] - Talent retention is a challenge in the competitive AI landscape, with startups offering large compensation packages [3][4] Market Valuation & Expectations - Morgan Stanley previously estimated a $500 billion market cap increase from Tesla's vertically integrated supercomputing approach, which now appears unrealistic [5] - The industry questions the realization of Tesla's AI ambitions and trillion-dollar valuation expectations [5][6] - Nvidia dominates the market for training chips, and Tesla's efforts to compete have not yet succeeded [6]