Shares of Tesla Inc (NASDAQ: TSLA) surged 6.8% on Monday amidst a broader market rally, with the S&P 500 and Nasdaq Composite also climbing. Elon Musk’s tweets on Sunday boosted the stock. Musk highlighted Tesla’s AI chip business, revealing they have deployed millions of chips in vehicles and data centers, aiming to revolutionize industries.

Despite Tesla’s ambitious plans, the stock’s current valuation, over $400, is inflated by speculation. The company is primarily an automaker and battery tech firm, not solely focused on AI or robots. The disconnect between the stock price and actual performance raises concerns about its sustainability and true value in the market.

Read more at Nasdaq: Why Tesla Stock Jumped 6.8% Today