RBC Backs Tesla’s (TSLA) Humanoid Strategy as the Robot Race Widens

Tesla, Inc. (NASDAQ:TSLA) is one of the Must-Watch AI Stocks on Wall StreetOn December 4, RBC reiterated the stock as “Outperform.” The firm believes that Tesla is a key player in the humanoid race but that the robot race remains wide open.

“Tesla is focusing on deploying its Optimus humanoid robot across manufacturing, hospitality, and consumer markets, while intentionally excluding military and police applications.”

Firm analyst Tom Narayan projects a $400 billion in robot sales by 2050. Discounting this value back to today, he estimated that the robot division is currently worth about $640 billion. This valuation represents more than one-third of the firm’s $500 price target for the stock.

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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