Well-Known Investor Buys TSLA Stock
Baruch, the founder and president of Blue Line Futures, predicted that the performance of TSLA stock would improve in the second half of this year.
Tesla, Inc. (TSLA): Among Most Popular Stocks on Robinhood in 2025
More About Baruch's Views on TSLA Stock
Baruch decided to buy more TSLA stock because his exposure to it was relatively low, compared to the other names in his portfolio. Additionally, the investor was attracted to TSLA because he thinks that it is creating "a little bit of a base."
He also believes that the shares can climb going forward because other large EV makers, such as China-based BYD (BYDDY), have managed to rise significantly in recent weeks.
More About TSLA
Analysts, on average, expect the EV maker's earnings per share to fall to $1.91 in 2025, versus the $2.42 of EPS that it generated in 2024. However, the mean estimate calls for its EPS to climb to $2.91 in 2026.
In the last month, the shares have added 1%, while they have sunk 27% in the last three months.
While we acknowledge the potential of TSLA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: The author owns shares of BYDDY but has no intention of trading them in the next 48 hours. This article is originally published at Insider Monkey
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