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Tesla's recent patent applications indicate a slowdown in innovation over the past two years, with a strategic shift towards AI and autonomous driving technologies. This move aligns with Elon Musk's focus on autonomous driving and robotics as future growth areas, despite current declines in car sales and margins. The debate continues on whether Tesla should be valued as an automotive or technology company, with its AI investments seen as a potential future growth driver.
On Monday, futures saw an increase following a decline in the AI sector while the overall market outlook remained positive. Tesla and Eli Lilly are currently positioned for buying opportunities. The Dow Jones futures show a rise after the sell-off in AI, with these two companies leading among five stocks showing potential for gains.
Dec 19 (Reuters) - U.S. antitrust agencies have cleared Nvidia’sinvestment in Intel, according to a notice posted by the U.S. Federal Trade Commission. While the notice did not specify the details of the transaction, Nvidia said in September it would invest $5 billion in Intel, throwing its heft behind the struggling U.S. chipmaker in a deal that could pose risks for rival manufacturers, Taiwan’s TSMC (2330.TW) and U.S.-based AMD.
Stock Market Today: The Dow Jones index moved higher Friday but Nike stock plunged 11% on earnings results.
Tesla stock (NASDAQ: TSLA) fell over 1% on Friday due to volatility in the AI sector. Investors are reassessing growth expectations amid global competition and execution risks with robotaxi deployment. Factors include profit-taking in the tech sector, intensified global EV competition, and operational risks like battery recalls. Analysts are divided, with some downgrading Tesla due to valuation concerns and lower delivery expectations, while others remain optimistic about robotaxi potential.
