Only Tesla’s AI Robotaxi can save investors now: Liam Denning

Tesla Inc., championed by CEO Elon Musk, is seen as an AI powerhouse hidden within a car manufacturer. The company reported better-than-expected sales and production numbers for Q2, with deliveries outpacing production, leading to a 10% stock jump. However, the positive spin fades upon deeper examination: vehicle sales have stagnated, premium model sales declined, and Tesla resorted to heavy discounts. Despite challenges, Tesla's market cap has soared, driven by AI optimism.

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By Liam Denning

Tesla Inc. is, according to its promoters — very much including Chief Executive Elon Musk — an artificial intelligence giant trapped in a carmaker's body. That much was evident from quarterly sales and production numbers, and the market's reaction to them, on Tuesday morning.

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