Analysts Reaffirm Bullish Outlook on Tesla (TSLA), Citing Drone Ambitions and Battery Independence
We recently published a list of . In this article, we are going to take a look at where Tesla Inc. (NASDAQ:TSLA) stands against other buzzing AI stocks on latest news and ratings.
One of the most notable analysts' calls on June 4th was for Tesla, Inc. (NASDAQ:TSLA). Morgan Stanley reiterated the stock as 'Overweight.' The firm said in a note on Wednesday that Tesla has the chops to be a player in the drone space.
'Manufacturing, material science, navigation/ autonomy, electric motor development, battery storage, supporting infrastructure and robotics … Tesla has a host of relevant skills to be a factor in the Low Altitude Economy from both a commercial and (potentially) non-commercial perspective.'
In other news, Piper Sandler analyst Alexander Potter reiterated an Overweight rating on the stock with a $400.00 price target. The rating reaffirmation followed the company's investor call.
Analysts appreciated Tesla's unique approach to vertical integration in the automotive industry, pointing out how it is the only car manufacturer actively working to source batteries at scale without relying on China. They noted how its in-house production of '4680' batteries is at 'almost zero reliance' on Chinese resources.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
Overall, TSLA ranks 3rd on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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