Can AI Help Tesla Stock Hit a New All-Time High This Year?
Tesla (NASDAQ: TSLA) has long been associated with artificial intelligence (AI). Without AI, there can be no self-driving cars, a considerable part of the Tesla investment thesis. Tesla has benefited from this new-found AI investing interest, as the stock has risen nearly 60% since AI became the hottest topic in the investment world at the beginning of May.
But can AI seriously push Tesla stock to a new high? Or is AI just another investment bubble waiting to burst? Let's find out.
Tesla's AI endeavors are focused on its pursuit of self-driving cars. With millions of Teslas on the road, it collects an immense amount of data to train its autonomous driving system. However, its ability to process this information and improve the model has been lacking, so it designed its Dojo supercomputer.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 73 Buy predictions and 28 Sell predictions.
With a target price of 245 € there is a slightly positive potential of 19.11% for Tesla Inc compared to the current price of 205.7 €.
