Wall Street Thinks Tesla Has a $500 Billion Artificial Intelligence (AI) Opportunity. Here's Why.
(NASDAQ: TSLA) kicked off third-quarter earnings season a few weeks ago. CEO Elon Musk spent most of the earnings call speaking about the company's exploration of artificial intelligence (AI) and supercomputing.
However, it seems like Wall Street analysts were more concerned with the company's financial health than his comments. The combination of rising interest rates, inflation, and aggressive price cuts have indeed led to meaningful deterioration in Tesla's margins and overall profitability.
Following the report, Tesla stock has fallen 15% as of this writing, but this could be a rare opportunity to buy the dip in Tesla stock. While the near and medium-term picture still looks a little stormy, the long-term thesis continues to play out for Tesla, and very few people seem to be talking about it.
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 20.05% compared to the current price of 199.92 € for Tesla Inc.
