Elon Musk has turned Tesla into a meme stock as he tells Wall Street to value the EV maker like an AI company, top economist says

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Elon Musk is no longer over-delivering like he used to, but he is still over-promising, according to a top economist, who pointed to the Tesla CEO’s recent insistence that his EV company should be valued like an AI company.
In a Project Syndicate op-ed published on Wednesday, UC Berkeley economics professor and former Treasury official J. Bradford DeLong gave Musk credit for creating a historically important tech company that’s the “tip of the spear in the transition away from internal-combustion-engine vehicles.”
In particular, Tesla should be viewed “almost entirely in terms of solving autonomy” and being able to apply that to a gigantic fleet of cars, the CEO added.
“For all the current Tesla shareholders planning to offload their holdings in the next couple of years, everything hinges on the company succeeding as a meme stock, and Musk is diligently working toward that goal,” DeLong warned.