-- Elon Musk wants people to invest in Tesla Inc. only if they trust it can make self-driving cars. Trouble is, the stock already trades at levels that assume the company has cracked that code, and then some.The electric vehicle maker’s shares are considerably more expensive than those of Nvidia Corp. and Microsoft Corp. — two mega-cap companies widely seen as AI pioneers.
But Musk’s focus toward this lofty future goal has come at a confusing time for investors. Fully self-driving cars are a technology that most analysts and experts say is likely years, if not decades, away from full-scale commercial adoption. Tesla is struggling with weak demand for EVs and just reported its first quarterly sales decline since 2020. On top of that, it seems to be stepping away from projects once seen as a key strategic advantage for the company — such as its charging network.
Competition is heating up in the self-driving space as well. If anything, the combination of these highly stacked odds against Tesla and the stock’s rich valuation show the immense value that investors attach to Musk. A New York measure that would restrict social media feeds for minors has gained more support in the state legislature with a month before lawmakers leave Albany for the year.
TFSA investors could capitalize on these top Canadian stocks to generate tax-free capital gains and dividend income. The post TFSA: 3 Canadian Stocks to Buy and Hold Forever appeared first on The Motley Fool Canada.The Canadian dollar strengthened against its U.S. counterpart on Wednesday, clawing back some of the previous day's sharp decline, as the Federal Reserve's signaling about prospects for interest rate cuts was not as hawkish as some investors had feared.
Bank of Canada governor Tiff Macklem says Canadian interest rates don't have to match U.S. or global rates, but there is a limit to how much they can diverge. Macklem made the comments while testifying before the House of Commons finance committee today. The governor says Canada is nowhere close to the limit when it comes to how much Canadian and American interest rates can differ.