The Problem With Tesla’s AI Rally in Eight Charts

Wall Street’s focus has moved from Tesla’s price cuts to a more distant future of driverless vehicles. It may shift again.

Ford and GM have signed deals to use Tesla’s Supercharger network. Photo: Philip Pacheco/Bloomberg News

There are a lot of theories for why Tesla’s market value has increased by about a quarter-trillion dollars over the past month. You have to go far down the list to find the thing investors usually pay most attention to: the foreseeable outlook for profit.

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