Mizuho Lifts PT on Tesla (TSLA) to $450 From $375

Tesla, Inc. (NASDAQ:TSLA) is one of the best stocks to invest in right now. On September 23, Mizuho raised the firm’s price target on Tesla, Inc. (NASDAQ:TSLA) to $450 from $375 while keeping an Outperform rating on the shares.

Tesla, Inc. (TSLA) Isn't Being Targeted By Trump's Copper Tariffs, Says Jim Cramer

The firm told investors in a research note that it raised estimates in the autos space, reasoning that the US tariffs should have a minimal effect on new vehicle prices.

It added that the US electric vehicle sales in August rose 17% year-over-year as consumers look to cash in before the Inflation Reduction Act credits end.

Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. However, it isn’t merely an automotive manufacturer; it also focuses on innovative technologies, including robotics and AI. The company has a humanoid robot line, Optimus, and an autonomous vehicle fleet, Cybercabs.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.