Analyst praises Tesla's potential in AI and autonomous driving despite financial challenges

From Yahoo Finance: 2025-06-05 10:05:00

Tesla (TSLA) shares are down 12% as Elon Musk criticizes Trump’s tax bill. Jeffrey Small sees AI and autonomous driving as keys to Tesla’s growth on Schwab Network. Despite losing money on cars, Tesla is hailed as the ‘greatest AI story on the planet’ with potential in robo taxis.

Tesla faces falling EV sales globally, with challenges from competitors. California saw a 12% drop in Tesla sales in 2024, despite a rise in EV purchases. Loomis Sayles Global Growth Fund recognizes Tesla as a global leader in electric vehicle design, manufacturing, and sales, with a focus on customer-facing infrastructure.

In Q1 2025, Loomis Sayles Global Growth Fund highlighted Tesla’s position as a leader in high-performance electric vehicles. Tesla’s sales are mainly from its automotive segment, with the US and China as its largest markets. The company also focuses on solar energy products for residential, commercial, and industrial clients.

Read more: Analyst Says Tesla (TSLA) ‘Great AI Story on Planet’ Despite ‘Losing Money On Cars’