Tesla (TSLA) Stock Falls as Musk Backs Anthropic CEO’s AI Slowdown Call
TLDR
- Tesla stock dropped 1.7% to $365.44 in premarket trading Monday after Elon Musk endorsed Anthropic CEO Dario Amodei’s call to slow AI development.
- Nvidia fell 2.9%, SpaceX dropped 2%, and Alphabet slipped 0.3% as AI concern spread across the sector.
- Tesla’s CFO Vaibhav Taneja sold 2,606 shares on September 8 at $360.13, a 9.12% reduction in his position, to cover tax obligations.
- Tesla’s last earnings showed revenue of $28.24 billion, up 25.5% year over year, but EPS of $0.33 missed the $0.50 consensus estimate.
- Morgan Stanley values Tesla’s self-driving and robotics at roughly $320 per share, versus just $45 for the car business.
Tesla (TSLA) stock slipped 1.7% to $365.44 in premarket trading Monday after CEO Elon Musk backed a call to slow down AI development. The move added to an already rough stretch for the stock, which was down about 19% this year heading into Monday’s session.
Musk reposted a tweet from Anthropic CEO Dario Amodei on Saturday, writing “Dario is right.” Amodei had published a lengthy essay urging a slowdown in AI development, citing risks including cyberattacks, bioterrorism, and economic disruption.
… Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
