Elon Musk's electric vehicle company is proposing to make a strategic investment in his artificial intelligence company.

Ever since artificial intelligence (AI) emerged as the market's defining megatrend, growth investors have poured money into megacap technology stocks.

Since then, a select group of tech-focused megacaps -- Nvidia , Microsoft , Amazon , Alphabet , Apple , Meta Platforms , and Tesla ( TSLA 6.75% ) -- have become known as Wall Street's " Magnificent Seven. " Collectively, this cohort of tech titans has delivered impressive returns throughout the AI revolution.

Yet one of them stands out as a relative laggard. Over the last three years, Tesla shares are up just 18% -- a gain that trails all of its peers. Despite that underperformance, CEO Elon Musk h

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