Tesla Will Spend Over $1 Billion on Dojo Supercomputer -- Is This the Top EV Stock to Buy Now?
(NASDAQ: TSLA) published its second-quarter earnings results and hosted a conference call after the market closed on Wednesday. During the call, CEO Elon Musk detailed the company's plans to ramp up investment in its Dojo supercomputer system.
Musk stated that Tesla will be investing well over $1 billion over the next year to enhance Dojo's capabilities. Along with declining gross margins for the company's electric vehicles (EVs) following recent price cuts, news of the substantial investment in the computing platform has actually helped prompt a post-earnings pullback for the company's stock.
With Tesla betting big on next-generation computing capabilities, is it the best EV stock to buy right now?
Source Fool.com
Tesla Inc Aktie
202,35 €
-0,52 %
Tesla Inc sticht etwas positiv hervor mit 73 Buy- und 28 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Tesla Inc von 245 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 202.35 €.
