Will Artificial Intelligence (AI) Make Tesla a Member of the $1 Trillion Club? Elon Musk Thinks So.
From shortfalls in vehicle deliveries to shrinking profit margins, 's (NASDAQ: TSLA) third-quarter earnings report gave investors few reasons to cheer. While Wall Street analysts express concerns over the company's financial profile, Tesla's CEO, Elon Musk, did his best to curtail worries over the long-term viability of the operation.
While companies such as Microsoft, Alphabet, and Amazon currently dominate discussions about artificial intelligence (AI), Musk certainly grabbed people's attention during the earnings call when he said AI "has the potential to make Tesla the most valuable company in the world by far." That's quite the proclamation.
From humanoid robots to homegrown supercomputers, Tesla is working on innovations far beyond electric vehicles (EV). Although the stock has cratered since Tesla reported earnings last week, long-term investors may view this as a terrific opportunity to buy the dip.
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.
