Tesla Stock Wobbles. This Analyst Calls Robot Opportunity a "Delusion"
Tesla stock was up a little to start Wednesday as investors digested a bearish take about the company's humanoid robot, Optimus.Investors are optimistic about the potential for AI-trained robots. There are two sides to every story, however.Shares of the electric-vehicle maker were up 0.2% at $410.23 in premarket trading, while S&P 500 and Dow Jones Industrial Average futures were both up about 0.3%. For now, investors seem to be waiting for Nvidia earnings, due Wednesday afternoon, before making major decisions about Tesla and other stocks.Coming into Wednesday trading, Tesla stock was up about 24% over the past 12 months. Gains value the company at about $1.8 trillion, including CEO Elon Musk's vested stock options, and trading for about 206 times estimated 2026 earnings.AI is responsible for much of that valuation, with investors believing that "physical AI," or AI applications that interact with the world, will lead to a new era of earnings growth for the auto maker. Tesla's first t
