Tesla is acting like an AI stock. Should investors focus more on auto trends? - MarketWatch

1. Tesla's stock reflects AI perception, not just automotive metrics. 2. Automotive gross margins fell to 13.6%, the lowest in years. 3. Analysts express concerns over delivery slowdowns amidst EV subsidy removals. 4. Management remains bullish on Full Self-Driving and new product launches. 5. Target prices vary: UBS at $259, JPMorgan at $135, Piper at $500.