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Benzinga
Benzinga
Business
Surbhi Jain

Tesla's AI Talk Just Added $90 Billion — But EV Fundamentals Are Moving The Wrong Way

Tesla Tops ARKK Holdings

Tesla Inc (NASDAQ:TSLA) rocketed to $420 a share on Wednesday — a 7.5% intraday surge sparked by a promise, not a delivery. The buzz around next-gen ‘AI5/AI6’ chips for its Dojo supercomputer platform and a robotaxi fleet that might double by year-end, added roughly $90 billion in market cap during day trading on Tuesday. But while the sentiment rally is real, Tesla's core business is flashing trouble signs.

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