WEBVTT

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- So the stock market is fake.

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For the most part anyway.

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I mean, sure, stocks are
tied to the valuation

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of their companies, and to
the money they make and spend,

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but there's a lot more going on.

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You've got supply and
demand for the stock itself,

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and you've got hype.

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What a company might do

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in the future affects its valuation today.

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And for Tesla,

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hype has always been a big
part of its share price.

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But now, analysts are concerned.

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They think that the hype
may have gotten to a point

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that Tesla can never live up to.

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For all of this year, 2023,
Tesla's stock has been climbing.

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Not every day, but on average.

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It's more than doubled since
the beginning of this year.

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But that's not all due
to car sales or Twitter.

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Instead, that increase,
according to analysts,

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is due to enthusiasm around
artificial intelligence.

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Something Tesla always wants
to say it's doing very well at.

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This year has been a big one

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for machine learning, generative ai,

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all of those fancy things
you keep seeing making weird,

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uncanny art on Twitter.

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There's been a ton of money
poured into the space,

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research on ChatGPT, Mind Journey,

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the TikTok filters that
make you an anime girl.

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These analysts all seem to agree

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that Tesla has a lot of
cultural clout in the AI market,

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but not necessarily the
chops to back it up.

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So they've been downgrading the company,

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telling people not to keep buying

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but to just hold the shares they have,

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and maybe refrain from buying

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until prices dip a little more.

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For more on this and
everything else with Tesla,

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keep your eyes peeled to Jalopnik.com.