TSLA - What's Going On With Tesla Stock Friday? | Benzinga
Tesla, Inc (NASDAQ:TSLA) stock is trading lower on Friday. Morgan Stanley analyst Adam Jonas claimed that the artificial intelligence frenzy and its impact on the electricity grid are taking a toll on the EV giant and its rivals.
Jonas expected the total U.S. data center power usage, including generative AI, to reach 337 TWh by 2027, equivalent to adding 59 million EVs to U.S. roads. For EV giant Tesla to deliver 59 million EVs will take nearly 35 years at the current production rate, as ...