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The recent slump in Tesla stock threatens its place in an elite grouping of companies that powered a surge in U.S. markets in recent years, experts said, while triggering chatter of an AI-linked replacement for the electric automaker. The so-called "Magnificent Seven" - Apple, Microsoft, Amazon.com, Alphabet, Meta Platforms, Nvidia and Tesla - staged a blistering rally last year and pushed Wall Street to record highs. A successor to Tesla will likely be one that would be able to monetize the boo

The recent slump in Tesla stock threatens its place in an elite grouping of companies that powered a surge in U.S. markets in recent years, experts said, while triggering chatter of an AI-linked replacement for the electric automaker.The so-called "Magnificent Seven" - Apple, Microsoft, Amazon.com, Alphab

The recent slump in Tesla stock threatens its place in an elite grouping of companies that powered a surge in U.S. markets in recent years, experts said, while triggering chatter of an AI-linked replacement for the electric automaker. The so-called "Magnificent Seven" - Apple, Microsoft, Amazon.com, Alphabet, Meta Platforms, Nvidia and Tesla - staged a blistering rally last year and pushed Wall Street to record highs. A successor to Tesla will likely be one that would be able to monetize the boo

Recent slump may push it out of elite company

Economy: Several companies announce layoffs, including Hewlett-Packard and JDS Uniphase.