1 Artificial Intelligence (AI) Stock to Buy Before It Soars 335% to $3 Trillion, According to a Wall Street Analyst
Gene Munster, co-founder and managing partner at Deepwater Asset Management, recently told CNBC that (NASDAQ: TSLA) is on pace to be a $3 trillion company. Munster highlighted opportunities related to artificial intelligence (AI), like full self-driving software and robotaxi services as key growth drivers.
His prediction lacks a specific timeline, but a $3 trillion valuation implies a 335% upside from Tesla's current market capitalization of $687 billion. Here's what investors should know.
Tesla reported disappointing financial results in the second quarter. Revenue increased a meager 2% to $25.5 billion, narrowly topping expectations. But GAAP net income nosedived 45% to $1.5 billion, missing estimates for the fourth consecutive time. The company has now recorded a profit margin below 6% in back-to-back quarters, something that hasn't happened in more than three years.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 73 Buy predictions and 29 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.
