Is Tesla, Inc. (TSLA) One of the Best ARK Stocks to Buy Right Now?

Tesla, Inc. (NASDAQ:TSLA) is the Best ARK Stock

On May 16, Reuters reported that Tesla, Inc. (NASDAQ:TSLA) raised US prices for its “Model Y” lineup for the first time in two years, lifting premium all-wheel and rear wheel drive variants by $1,000 to $49,990 and $45,990. It also increased the “Model Y Performance All Wheel Drive” by $500 to $57,990, as per its website.

Reuters stated that the company gave no reason for the move, noting the last price raise came in 2024 when Tesla, Inc. (NASDAQ:TSLA) lifted all Model Y prices by $1,000. Last year in August, the firm raised its highest-end Cybertruck by $15,000 despite weak sales and recalls.

Is Tesla, Inc. (TSLA) One of the Best ARK Stocks to Buy Right Now?

25 Most In Demand Cars Heading into 2024

On May 19, Reuters reported that a former Tesla, Inc. (NASDAQ:TSLA) AI executive and OpenAI founding member, Andrej Karpathy, joined Anthropic. He tweeted on X that he is “very excited to join the team” as the next phase of large language models unfolds.

Tesla, Inc. (NASDAQ:TSLA) works in the electric automobile and energy generation and storage technologies. It operates through the Automotive and Energy Generation and Storage segments.

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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