Tesla is betting on AI driverless technology to boost its stock

From Yahoo Finance: 2025-04-20 06:31:00

Investment firm Morgan Stanley predicts electricity demand will remain strong due to data centers, despite industrial dips. Bloomberg forecasts US power demand from data centers could rise 20-40% by 2025. The firm also sees AI electricity consumption growing tenfold by 2028, with tech giants like Meta and Amazon investing heavily in AI infrastructure.

Tesla, Inc. (TSLA) is focusing on AI driverless technology to revitalize its stock. Barclays lowered TSLA’s price target but sees potential for CEO Elon Musk’s involvement. TSLA ranks 7th on the list of top AI stocks. While promising, other AI stocks may offer higher returns in a shorter time frame, with one seeing gains while popular AI stocks decline.



Read more at Yahoo Finance: Tesla (TSLA) Bets on AI Driverless Launch to Reignite Momentum