's (NASDAQ: TSLA) electric vehicle business generates about 90% of the company's revenue and has been its identity since the company's founding. Now, Tesla wants to be an "AI and robotics company" just as the auto business starts to decline.

In this video, Travis Hoium shows how bad the auto business has gotten and shows why a pivot for the overall business may not be possible.

*Stock prices used were end-of-day prices of July 24, 2024. The video was published on July 24, 2024.

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Source Fool.com