Nvidia Just Teamed Up With Foxconn to Take On Tesla
For (NASDAQ: TSLA) investors, the future of your investment really depends on autonomous driving. After all, on the latest conference call with analysts, CEO Elon Musk said that while Tesla may look expensive for a car company, "success in this regard in the long term, I think, has the potential to make Tesla the most valuable company in the world by far." He added, "If you have fully autonomous cars at scale and fully autonomous humanoid robots that are truly useful, it's not clear what the limit is."
On the positive side, it appears that other large tech companies may agree with Musk, as they are each pursuing the same technology. On the downside, they are also incredibly competitive AI companies such as Nvidia (NASDAQ: NVDA) and Foxconn, whose parent company is Hon Hai Precision (OTC: HNHPF).
These two recently announced they're teaming up to turbocharge their autonomous vehicle game and take on Tesla.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a positive potential of 20.3% compared to the current price of 199.5 € for Tesla Inc.
