It’s become clear over the past few quarters that Tesla is an AI company now.

As the company’s car sales have plummeted worldwide, costing it the crown of world’s largest EV seller, investor focus has shifted to robotaxis. Self-driving EVs are now seen by Wall Street analysts as carrying Tesla — and its stock price — to new heights.

In Elon (And Robotaxis) We Trust.

Up until the start of 2026, investors were sold on the new vision. The stock more than doubled between April and December of last year.

But Tesla had a rocky start to 2026, falling 13% year-to-date through Tuesday. It’s had to contend with mounting skepticism around AI, and a sharp rotation out of market-leading tech names.

…