Tesla Lags Behind Mag 7 — Will Master Plan 4 Spark A Comeback?
Portfolio Pulse from Surbhi Jain
Tesla Inc (NASDAQ:TSLA) is underperforming compared to other tech giants in the Magnificent 7, with a year-to-date performance of -24.57%. Elon Musk has teased a new 'Master Plan 4' which could potentially revive Tesla's fortunes. Investors are eagerly awaiting more details, hoping it will include advancements in AI, robotics, and new vehicle models.
June 18, 2024 | 1:06 pm
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NEUTRAL IMPACT
Meta Platforms Inc (NASDAQ:META) is performing well with a YTD performance of 43.13%. Tesla's struggles do not directly impact Meta, but advancements in AI and robotics in Tesla's 'Master Plan 4' could have some indirect benefits.
Meta's strong performance is independent of Tesla's struggles. However, if Tesla's 'Master Plan 4' includes significant AI advancements, Meta could see some indirect benefits due to its focus on AI technologies.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 20
NEUTRAL IMPACT
Microsoft Corp (NASDAQ:MSFT) has a solid YTD performance of 19.23%. While Tesla's performance does not directly affect Microsoft, any advancements in AI and robotics from Tesla's 'Master Plan 4' could have industry-wide implications.
Microsoft's performance is strong and largely independent of Tesla. However, industry-wide advancements in AI and robotics from Tesla's 'Master Plan 4' could have some positive implications for Microsoft.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 20
POSITIVE IMPACT
Nvidia Corp (NASDAQ:NVDA) is performing exceptionally well with a YTD performance of 164.49%. Tesla's struggles do not directly impact Nvidia, but advancements in AI and robotics in Tesla's 'Master Plan 4' could indirectly benefit Nvidia.
Nvidia's strong performance is independent of Tesla's struggles. However, if Tesla's 'Master Plan 4' includes significant AI advancements, Nvidia could see indirect benefits due to its leadership in AI technology.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
Tesla is significantly underperforming compared to its peers in the Magnificent 7. Elon Musk's tease of 'Master Plan 4' could be a potential catalyst for a turnaround, focusing on AI, robotics, and new vehicle models.
Tesla's underperformance is a concern, but the anticipation of 'Master Plan 4' could drive investor optimism. If the plan includes significant advancements, it could positively impact Tesla's stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100