Tesla’s New Focus Isn’t on Cars, But on ‘Sustainable Abundance.’ What Does That Mean for TSLA Stock and Buy-and-Hold Investors?

News Snapshot:

The electric revolution is taking on a new form, and Tesla (TSLA) is no longer looking simply to drive the world forward. The company wants to shape a reality where “sustainable abundance” is within reach. This bold pivot is led by Elon Musk, who now positions Tesla at the forefront of robotics, artificial intelligence, and autonomous driving. According to Morgan Stanley Research, the global humanoid robotics market could reach about five trillion dollars by 2050, with widespread adoption expected to heat up through the next decades. TSLA stock has also responded, notching a 1.7% gain over the last month as...