shares of just about every mag seven stock selling off today in a tough tape one of them is going to be

Tesla down almost six percent still positive and outperforming the mega caps on the week

dear d'erbosa has more on today's Tech Check. Hey, D.

Hey Carl, Tesla was outperforming and shares were up 8% heading into today, but now giving back almost

all of those weekly gains. Broadly, Tesla has been benefiting somewhat as some of the

air comes out of the most crowded names in the AI trade, but today of course everything is

hurting.

Elon Musk and Tesla's AI proposition. Let's talk about it.

It's less about CHOPBots, more about embodied AI.

Those are applications like robots and robot taxis.

This week, Tesla announced plans to offer full self-driving, that's its highest level of driver assistance

product in Europe and in China in early 2025.

Musk also posted about robots as he visited Tesla's engineering offices in California.

That all helped on the earlier part of the week.

To be sure though, and this is why we're seeing it so volatile, has a high valuation and

Tesla has a lot of ground to make up versus the other Meg 7 stocks over the last three years.

But investors are starting to get excited or at least weighing the possibility of what Morgan

Stanley calls the expanding surface area between its

business model and the AI theme. Now October 10th is Robotaxi Day in

Hollywood. The street is skeptical that we will actually get fully autonomous vehicles capable of

running in the wild without a safety driver but it could give us developments in

this longer-term race over autonomous driving.

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