Tesla shares rose early Tuesday after gaining on Monday, but gains didn’t last as the car maker tries to come out of its post-earnings dip. Shares of the electric-vehicle maker traded as high as $326.

Shares of Tesla ( TSLA 3.11%) climbed higher on Monday. The electric vehicle (EV) maker's stock gained 3% as of market close, but had jumped as much as 4.6% earlier in the day. The spike comes as the S&P 500 ( ^GSPC 0.02%) was flat and the Nasdaq Composite ( ^IXIC 0.33%) rose 0.3%.

Tesla shares are trading marginally lower Tuesday afternoon. Investors continue to weigh the company's long-term artificial intelligence ambitions.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 4% in the afternoon session after the company announced a significant, multi-billion dollar contract with Samsung Electronics to produce its next-generation AI chips.

Meanwhile, another artificial intelligence (AI)-powered transportation stock has rocketed higher this year, partly due to its emerging autonomous driving business. Lately, the stock seems to go up when Tesla goes down and vice versa. Is it the ultimate threat to Tesla's autonomous driving ambitions?

Tesla's Q2 results confirmed deteriorating fundamentals: deliveries and revenue declined, margins compressed. Read why I rate TSLA stock as Hold.

Forget about Elon Musk and Tesla (NASDAQ:TSLA) for a moment. While shares may seem like the biggest bargain of the Magnificent Seven basket, given its shaky start to the year and the robotaxi opportunity that lies ahead,