(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?

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Source Fool.com