BofA Maintains Neutral on Tesla (TSLA) as Chip Tariffs Loom

Tesla, Inc. (NASDAQ:TSLA) is one of the Hot AI Stocks on Wall Street’s Radar. One of the biggest analyst calls on Thursday, August 7, was for Tesla. Bank of America reiterated the stock as “Neutral” stating that the Tesla is “most impacted” following President Trump’s decision to impose tariffs on semiconductors and chips.

“Recall that TSLA is exposed to semiconductors both for vehicle production and capex (purchases of advanced chips for AI purposes); F manufactures most of their vehicle in the U.S. …”

Tesla, Inc. (NASDAQ:TSLA)

A high-tech production line of robotic arms assembling a semiconductor chip.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

While we acknowledge the risk and 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 time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.