Analyst reiterates Buy rating for Tesla after Q2 delivery results exceed estimates.

Tesla, Inc. (NASDAQ: TSLA) is highlighted as one of the 10 Trending AI Stocks on News and Ratings. Canaccord Genuity analyst reiterated a Buy rating with a $303.00 price target after Tesla’s Q2 delivery results exceeded estimates by 24,000 units. Strong performance in China, Norway, France, Spain, and Turkey contributed to the positive outcome. Despite a 14% decline in year-over-year deliveries, Tesla remains optimistic about new models, the Model Y, and the upcoming Robotaxi announcement.

Energy storage deployments slowed down, with concerns about building energy infrastructure for artificial intelligence. Tesla emphasizes the importance of EVs driving profit and the need to see growth in its core business. The company leverages advanced AI in autonomous driving technology and robotics initiatives. While Tesla shows potential as an investment, other AI stocks may offer higher upside potential and less downside risk.

For more information on AI stocks in the spotlight and buzzing on Wall Street, check out Insider Monkey’s reports. No disclosure provided.

Read more at Yahoo Finance: Why Tesla’s (TSLA) Still a Buy After Delivery Dip