Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks in the Spotlight Right Now. On July 22, Wedbush analyst Daniel Ives reiterated an “Outperform” rating on the stock with a $500.00 price target. Investor sentiment has drastically shifted from what it was three months ago, with investors now viewing Elon as a “wartime CEO” with a focus on AI and autonomous driving. Updated model Y is thankfully leading to a recovery in China sales. Near-term challenges persist, but the firm is bullish on the stock backed by Tesla’s long-term AI ambitions.
“The set-up into Tesla earnings tomorrow after the bell is a dramatically different one than 3 months ago. While on the April earnings call the big focus was Musk officially leaving the Trump Administration and pressure to refocus on being CEO on Tesla….now investors are seeing more of a “wartime CEO” as Elon is laser focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative. Front and center for investors are the AI initiatives happening under the hood of Tesla with the Street listening carefully for any more direction around a Tesla investment into xAI which will require a shareholder vote later this year. There are a number of other key endeavors at Tesla including Optimus and the future of robotics with Tesla one of the clear future leaders in AI in our view. It starts with autonomous then robotics is the view of Tesla….bulls as we believe the autonomous valuation is worth $1 trillion alone to the Tesla story over the next few years.”
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.