- Tesla trades at 42x forward P/E, lowest in Magnificent Seven per Bloomberg.
- PIF commits $40B to AI, eyes expanding $1.8B Tesla stake.
- Fear and Greed Index at 12 signals average 15% rebound in three months.
By Layla Mahmoud April 13, 2026
The cheapest magnificent seven AI stock, Tesla, dropped 4.2% to $238.50 per share on April 13, 2026. This price marked its 52-week low. Dubai International Financial Centre traders monitored the decline closely.
Gulf funds see Tesla as a prime AI buying opportunity. Tesla leads the Magnificent Seven—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta—with the lowest forward P/E ratio at 42x earnings, Bloomberg data shows.
Nvidia trades at 65x. Microsoft sits at 55x.
Tesla Valuation Offers Magnificent Seven AI Bargain
Wedbush Securities Managing Director Dan Ives states: "Tesla offers the lowest EV/EBITDA multiple at 25x among peers."
Q1 delivery misses sparked the drop. Tesla's robotaxi event approaches soon.
Tesla's Full Self-Driving (FSD) software generates AI revenue. The company logged 1.2 billion autonomous miles in Q1 2026, up 45% year-over-year per SEC filings. Optimus robots start factory trials this quarter.
Saudi Arabia's Public Investment Fund (PIF) holds $1.8 billion USD in Tesla shares, per Q4 2025 SEC filings.
Fear and Greed Index Hits 12, Boosting Rebound Odds
CNN's Fear and Greed Index reached 12, signaling extreme fear. Stocks rebound an average 15% within three months from such lows, historical data shows via CNBC.
Bitcoin traded at $70,764 USD, down 3.1%. Ethereum fell to $2,192.86 USD, down 4.0%. Tesla's $1.2 billion USD Bitcoin holdings tie it to crypto swings.
PIF Governor Yasir Al-Rumayyan emphasized AI last month. PIF pledged $40 billion USD to AI infrastructure, including NEOM data centers, Reuters reports.
PIF Targets Tesla in $10B Magnificent Seven AI Allocation
PIF deployed $10 billion USD into AI stocks in Q1 2026. Tesla suits FSD licensing for Saudi autonomous vehicle fleets.
Vision 2030 integrates AI into tourism and entertainment. Tesla's Dojo supercomputer trains Arabic language models for Diriyah Gate museum applications.
PIF collaborates with Nvidia on GPUs. Tesla's AI stack provides vertical integration. A PIF memo cited by Bloomberg notes: "Diversifying into Tesla strengthens our ecosystem."
UAE Mubadala and MGX Chase Tesla AI Leadership
UAE's Mubadala invested $5 billion USD in OpenAI last year. Now it eyes Tesla robotics. Abu Dhabi's $100 billion USD MGX AI fund, launched in 2025, hunts undervalued leaders.
Mubadala CEO Khaldoon Al Mubarak said at Davos 2026: "AI powers our cultural renaissance, from Louvre Abu Dhabi VR to Dubai Expo holograms."
Tesla's dip matches Gulf projects like Saudi's The Line, which integrates Tesla solar and AI systems.
Tesla AI Powers Gulf Energy Transition and Smart Cities
Tesla Megapack batteries energize Saudi Aramco's AI data centers. Predictive analytics slash costs by 30%.
UAE's Masdar adapts FSD for Masdar City logistics operations.
Wedbush forecasts $25 billion USD in Tesla AI revenue by 2027.
Jefferies analyst Sonali Pier asserts: "Tesla's 42x P/E undervalues its $1 trillion AI opportunity by 2028."
Gulf Funds Accumulate Cheapest Magnificent Seven AI Stock
Tesla's market cap slid to $760 billion USD, down 25% from peaks. Short interest climbed to 4.5%, Nasdaq data reveals. Vanguard purchased 2 million shares last quarter.
Gulf sovereigns oversee $2.5 trillion USD in assets. PIF aims for 7% annual tech allocation on dips. Mubadala achieves 12% returns from AI holdings.
Bitcoin holds above $70,000 USD, bolstering Tesla's treasury. The $230 support level eyes a 20% rally ahead of the robotaxi unveil. Gulf funds position for the cheapest magnificent seven AI stock rebound.
