Ashar Jawad
1 min read
In This Article:
On Saturday, Elon Musk announced that he was back to giving "24/7" to his companies: Tesla, Inc. (NASDAQ:TSLA), X, and xAI. He posted the following on X after the social media platform was hit by a major outage affecting thousands of users worldwide:
"Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on X/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out.”
This follows the 53-year-old’s statement at the Qatar Economic Forum on Tuesday, where he committed to being Tesla, Inc. (NASDAQ:TSLA)’s CEO for the next five years. Earlier in the month, during the company’s earnings call, Musk pledged to limit his role in the U.S. government.
The lack of time spent by Musk at Tesla, Inc. (NASDAQ:TSLA) due to his responsibilities at DOGE has sparked some investor concern, resulting in shares plunging 16% year-to-date as of the close of business on Friday. However, the stock has rebounded 35% over the past month with Musk repeatedly stating he is returning to spending more time at his companies.
While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.
