#robotics--ai

#robotics--ai

(Bloomberg/Matthew Griffin) Elon Musk is eager to transform Tesla Inc. into a robotics and artificial intelligence company, but the electric-vehicle maker's stock price already reflects those businesses and is at a full valuation, according to Morgan Stanley, which lowered its rating on the company to the equivalent of a hold, its first cut since June 2023. Tesla shares trade at about 210 times projected earnings over the next 12 months,