Tesla, Inc. (NASDAQ: TSLA) is facing weak sales data, with Wells Fargo analyst Colin Langan reiterating an “Underweight” rating. August deliveries are down 9% year-over-year, posing a risk to Q3 consensus. The firm has a $120 price target.
The company leverages advanced AI in autonomous driving and robotics. While Tesla shows potential, other AI stocks may offer greater upside with less risk. Consider exploring undervalued AI stocks in our free report.
For more insights on AI stocks, check out “10 Buzzing AI Stocks on Wall Street” and “10 AI Stocks on Wall Street’s Radar.” No disclosures.
Read more at Yahoo Finance: Wells Fargo Reiterates Underweight on Tesla(TSLA), $120 Price Target
