Tesla, Inc. (NASDAQ: TSLA) is under scrutiny as UBS analyst Joseph Spak reiterated a Sell rating with a $247.00 price target. Despite rising stock prices, electric vehicle sales are declining, and earnings revisions are negative. The market values Tesla’s AI ventures more highly than its core EV business.

UBS sees Tesla’s AI ventures as key drivers for the stock, with milestones like removing safety drivers in robotaxis and expanding operations contributing to potential growth. However, the firm believes that much of Tesla’s technological progress is already factored into the stock price.

Tesla, Inc. (NASDAQ: TSLA) is known for leveraging advanced AI technology in its autonomous driving and robotics initiatives. While Tesla shows promise as an investment, UBS suggests that other AI stocks may offer greater upside potential with less risk. Investors seeking undervalued AI stocks should explore other options for potential growth.

Read more at Yahoo Finance: UBS Sticks With Sell on Tesla (TSLA) as AI Optimism Runs Ahead of Fundamentals