Elon Musk Thinks Tesla Made a Huge AI Breakthrough. Is the High-Flying Stock a Buy on the Dip?
Many investors see (NASDAQ: TSLA) as an electric vehicle (EV) stock. And it is. However, there's more to the story.
Ark Invest CEO Cathie Wood thinks that "Tesla is the biggest AI [artificial intelligence] play out there." Based on a recent statement by Tesla CEO Elon Musk, she might be right.
Musk recently claimed that Tesla made a huge AI breakthrough. But while Tesla stock is up close to 90% year to date, it's down nearly 20% below the peak reached a few weeks ago. Based on the recent announcement, is this high-flying stock a buy on the dip?
Source Fool.com