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Elon Musk Agrees Tesla Not Merely Automaker: 'Like Valuing Nvidia Based On..Gaming GPU Segment'

Benzinga ·  May 24 12:56

Tesla, Inc.(NASDAQ:TSLA) shares are trading way off their highs and have been through a volatile bout amid the electric vehicle maker's fundamental challenges. While detractors don't give a chance for the company to turn things around, CEOElon Musksported optimism laced with caution.

What Happened:A Tesla influencer tried to capitalize on the Nvidia frenzy seen after the release of the AI frontrunner's stellar quarterly results on Wednesday and commented that "Valuing Tesla based on expectations for the auto business is like valuing Nvidia based on expectations for the gaming GPU segment."

"Yeah," Musk...

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