Tesla (NASDAQ: TSLA) is one of the biggest companies in the world.
But Tesla’s auto sales have actually been on the decline for several years now
With shares trading at 13.5 times sales, it’s clear that the market doesn’t just value the company as an EV stock. Instead, Tesla is now arguably a bona fide AI stock, with a valuation premium to match. What exactly makes Tesla an AI stock?
There are many aspects to the equation, but perhaps the biggest reason deals with autonomous driving. Self-driving cars have been promised for decades. But AI is advancing self-driving capabilities faster than ever before.