Tesla, Inc. (NASDAQ:TSLA) shares have been on an eight-session winning streak as investors begin to factor in potential fundamental improvement, and a fund manager on Sunday detailed his take on what the electric vehicle maker has to do to augment its valuation.

What Happened: For institutional investors to attach value to Tesla's artificial intelligence efforts, the company should begin to break out AI as a "separate" line with relevant metrics in their financial statements, said Future Fund Managing Partner Gary Black. This is similar to how Tesla currently breaks out Automotive, Energy and Services.

"TSLA could provide...