Tesla CEO Elon Musk said the company could eventually build humanoid robots capable of artificial general intelligence (AGI), according to a report published Thursday (March 5) by Seeking Alpha. Musk on X said that Tesla will be one of the companies to develop AGI, and “probably the first to make it in humanoid/atom-shaping form.
A popular question amongst us investors is where billionaires choose to invest their money.
Tesla's UK sales dropped 37% in February from a year earlier, data from the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday, as the automaker stayed under pressure from booming demand for EVs from Chinese competitors such as BYD.
Tesla just won a fresh vote of confidence from Bank of America.
A surge in demand for gas-powered vehicles and a tipping point in autonomous technology are causing Bank of America to bet big on the US auto industry in 2026. The bank expects automakers to outperform expectations this year, as trucks, SUVs, and robotaxis drive both profits and innovation.
Tesla has made autonomous vehicles a priority, investing heavily in robotaxis and driving-assistance software.
Bank of America is making two bold, contrasting bets on the future of transportation: BofA reinstated Tesla with a Buy rating and a $460 price target, calling it the current leader in consumer autonomy, while analyst Alexander Perry initiated coverage of General Motors with a Buy rating and a $105 price target, betting that GM's truck and SUV dominance becomes even more profitable as EV pressure releases.
Shares of Tesla Inc NASDAQ: TSLA are trading right around $390, back at the bottom of a multi-month range after repeatedly failing to build on January's earnings beat. The company topped headline expectations in that report, yet the stock was unable to sustain any upside momentum.
TSLA expanded market share in key European markets in February, with registrations jumping in France and Portugal, hinting at a potential rebound.
Germany's top industrial union is fighting for more influence at Tesla's gigafactory outside Berlin, where staff are voting for a new works council after a campaign marked by mud-slinging and legal challenges.
TSLA tops 8.4B FSD miles, edging closer to Musk's 10B target for unsupervised autonomy as global testing expands.
Tesla (NASDAQ: TSLA) shares were down 1.5% at the time of writing on Monday, March 2, trading at $398.12 even as the company showed signs of stabilization overseas.