Tesla Is the Most Undervalued Artificial Intelligence (AI) Stock Right Now, According to a Top Wall Street Analyst. I'm Not Sure I Agree.

Tesla (NASDAQ: TSLA) stock is down 12% in 2024, despite a raging bull market for the S&P 500 that has sent the index 23% higher this year. The company is grappling with sluggish electric vehicle (EV) sales amid growing competition and softening consumer demand across the industry.But last Thursday, Tesla held its "We, Robot" event where it unveiled the long-awaited Cybercab robotaxi, which will be powered entirely by full-self driving (FSD) software. Autonomous driving could be a $1 trillion opportunity for the company over the long term, according to Dan Ives of Wedbush Securities.For that reason, Ives recently told CNBC he thinks Tesla is the most undervalued artificial intelligence (AI) stock in the entire market today. Here's why I disagree.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool