Should You Forget Tesla and Buy 2 Artificial Intelligence (AI) Stocks Right Now?
Tesla (NASDAQ: TSLA) has been a wild ride over the last few months.Shares of the electric vehicle (EV) maker soared following the election of President Donald Trump in November as CEO Elon Musk closely aligned himself with Trump during the campaign. Investors seemed to believe that having a friendly ear from the president would translate into a win for the company.However, since the inauguration, Musk has proven himself to be a lightning rod for controversy, due to the layoffs and cost cuts that the Department of Government Efficiency (DOGE) is issuing and his other political statements. Now, there is evidence that could be affecting Tesla's business. January registrations, a proxy for sales, for Tesla in Europe dropped 45% even as overall EV sales were up 37%. Continue reading
Tesla (NASDAQ: TSLA) has been a wild ride over the last few months.
Shares of the electric vehicle (EV) maker soared following the election of President Donald Trump in November as CEO Elon Musk closely aligned himself with Trump during the campaign. Investors seemed to believe that having a friendly ear from the president would translate into a win for the company.
However, since the inauguration, Musk has proven himself to be a lightning rod for controversy, due to the layoffs and cost cuts that the Department of Government Efficiency (DOGE) is issuing and his other political statements. Now, there is evidence that could be affecting Tesla's business. January registrations, a proxy for sales, for Tesla in Europe dropped 45% even as overall EV sales were up 37%.
