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We recently published a list of 10 AI Stocks on Analyst’s Radar Today. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other AI stocks that are on analyst’s radar today.
One of the most notable analyst calls on Tuesday, May 27, was for Tesla, Inc. (NASDAQ:TSLA). Tesla is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
UBS analyst Joseph Spak reiterated a “Sell” rating on the stock with a $190.00 price target. The firm stated that its survey checks showed declining interest in Tesla and EVs.
According to the UBS survey, the U.S. market is saturated, there are limited models, and also affordability issues. Meanwhile, there is rising competition in China, and Tesla is no longer seen as a technology leader, while in Europe, there is possible brand damage linked to Elon Musk’s politics.
To conclude, the firm remains cautious on the stock despite all the excitement around Tesla’s robotaxis and robotics ventures. The core auto business faces risk, particularly with potential regulatory changes in California.
“Survey shows declining interest in EVs and the Tesla brand around the world.”
Overall, TSLA ranks 5th on our list of AI stocks that are on analyst’s radar today. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.