Markets thought wrongly that Tesla (TSLA) would rally from $300 after its AI Day event. Instead, Tesla’s
introduction of machine learning and artificial intelligence in Optimus flopped.
Optimus is a concept for robotics. However, Hyundai, which owns Boston Dynamics, offers investors
another way to invest in autonomous solutions in robotics. Tesla’s failure to impress the market
pressured TSLA stock last week.
Twitter Buyout
Ahead of the court case to force a closing, CEO Elon Musk changed his mind about Twitter (TWTR). He
said he would go ahead with the deal and will pay $44 billion. Bankers fronting part of the deal could
lose billions. The debt issuance might lose value after closing.
CEO Musk might sell TSLA shares to fund the Twitter acquisition. In the long run, the sale should have a
minimal impact on Tesla’s value. The EV giant only needs to maintain its production prowess and
technological advantages.
Twitter’s negative cash burn will distract Musk. He will need to dedicate more time to come up with a
plan to monetize the microblogging site. However, Twitter’s addressable market will shrink further as
advertisers cut back on spending.
Tesla is a leading EV firm that will retain its lead. Despite the near-term noise surrounding the CEO, this
is a stock to consider over all other EV firms.
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