15 AI News Making Waves Right Now

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1. Tesla, Inc. (NASDAQ:TSLA)

Market Capitalization: $1.06 trillion

Tesla, Inc. (NASDAQ:TSLA) is an American multinational automotive and clean energy company. Tesla is an AI player as it uses artificial intelligence to drive advancements in autonomous driving, robotics, and smart manufacturing.

On Sunday, November 17, Bloomberg reported that members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles. The framework would make it easier to obtain self-driving licenses and let autonomous cars cross state lines. Naturally, these rules will benefit Musk, and his company Tesla. Tesla uses AI to train its cars to drive themselves, and its highest-level driver assistance product, known as Full Self Driving or FSD, does most of the driving but still requires human supervision.

“This would be a huge step forward in easing U.S. rules…and be a significant tailwind for Tesla’s autonomous and AI vision heading into 2025”.

-Wedbush analyst Dan Ives

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 doing so within a shorter timeframe. 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 the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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