Could Tesla's Deal With xAI Be a Game Changer?

Ever since artificial intelligence (AI) emerged as the market's defining megatrend, growth investors have poured money into megacap technology stocks.Since then, a select group of tech-focused megacaps -- Nvidia, Microsoft, Amazon, Alphabet, Apple, Meta Platforms, and Tesla (NASDAQ: TSLA) -- have become known as Wall Street's "Magnificent Seven." Collectively, this cohort of tech titans has delivered impressive returns throughout the AI revolution.Yet one of them stands out as a relative laggard. Over the last three years, Tesla shares are up just 18% -- a gain that trails all of its peers. Despite that underperformance, CEO Elon Musk has once again found a way to keep Tesla at the center of the AI conversation. According to a new proxy filing, the electric vehicle (EV) company is proposing a strategic investment in Musk's artificial intelligence start-up, xAI.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool