From Nasdaq: 2024-05-25 04:17:00

The buzz around artificial intelligence (AI) is growing, with Tesla being hailed as the largest AI opportunity in the world by Ark Invest CEO Cathie Wood. One venture capital investor significantly increased their stake in Tesla, emphasizing the company’s AI potential. Tesla is not just a car company, but a leader in AI and robotics with innovative projects like humanoid robots and autonomous driving technology.

Tesla’s humanoid robots, Optimus, aim to enhance productivity in factories by performing repetitive or dangerous tasks. Optimus could boost production of EVs and potentially be sold to other businesses. Additionally, Tesla is making strides in China to advance its self-driving technology, a subscription-based service that could significantly increase revenue and margins.

Despite a 28% drop in Tesla’s stock in 2024, investors like venture capitalist Brad Gerstner see the company’s AI advancements as undervalued. While Tesla’s potential in AI, robotics, and autonomous driving is promising, investors should exercise patience and a long-term perspective. Buying Tesla shares now could be a smart move for growth investors aligning with Elon Musk’s tech vision.



Read more at Nasdaq: Cathie Wood Once Called This “Magnificent Seven” Company the Biggest Artificial Intelligence (AI) Opportunity in the World, and Millionaire Investor Brad Gerstner Just Increased His Position by 276% (Hint: It’s Not Nvidia)