‘Elon Musk Would Probably Disagree,’ But Expert Says ‘Investors Don’t See Tesla As An AI Play Like Most Of The Other Magnificent Seven Stocks’

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As Tesla Inc (NASDAQ:TSLA) struggles with plummeting stock prices, investors are questioning its place among the “Magnificent Seven” tech stocks that have been driving the S&P 500 Index to new heights. What Happened: Tesla, once a key player in the Magnificent Seven, is now grappling with a significant drop in its stock price. The company’s shares have fallen by 22% in 2024, in stark contrast to the soaring stock prices of other Magnificent Seven members such as NVIDIA Corp (NASDAQ:NVDA) and Meta Platforms Inc (NASDAQ:META). While six of the seven companies are thriving due to the growing arti…

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