Should You Forget Tesla and Buy 2 Artificial Intelligence (AI) Stocks Right Now?

Tesla (NASDAQ: TSLA) is evolving beyond electric vehicles (EV) to become a bonafide artificial intelligence (AI) company. Its plans for an autonomous Robotaxi fleet and its work in humanoid robotics could eventually make it, as CEO Elon Musk believes, the world's most valuable company.The problem is that time hasn't come yet. Tesla stock has soared nearly 70% this year. Yet its autonomous driving technology is only rated at the Society of Automotive Engineers (SAE) level two, requiring driver intervention. Tesla aims to begin selling its humanoid robot in 2026, but the company is infamous for missing promise dates.The stock trades at 169 times forward-earnings estimates, a nonsensical valuation for a company analysts estimate will grow earnings by an average of 8% annually over the long term. In other words, analysts want to see real-world success from Tesla's ambitious projects before factoring them into expectations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool