Truist Flags Autonomous Driving Volatility Despite Higher Tesla (TSLA) Price Target

The steadfast believes that autonomous driving developments volition pb to continued volatility successful the banal contempt semipermanent AI vision. A ample portion of Tesla’s worth is linked to however successfully it is capable to commercialize its AI products and services, it said. This is peculiarly existent for its Robotaxi service, which is enabled by its FSD technology.

25 Most In Demand Cars Heading into 2024

"We judge caller metropolis announcements volition beryllium forthcoming successful 2026, but timing of these volition beryllium unpredictable. Further, imperfections successful FSD outcomes (see this note) and announcements from competitors volition lend to the volatility."

Tesla, Inc. (NASDAQ:TSLA) is an automotive and cleanable vigor institution that leverages precocious artificial quality successful its autonomous driving exertion and robotics initiatives.

While we admit the imaginable of TSLA arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Trending AI Stocks connected Wall Street and 10 AI Stocks connected the Market’s Radar

Disclosure: None.