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Tesla Inc. (TSLA): Analyst Notes Improved Q3 Delivery Performance

Tesla Inc. (NASDAQ:TSLA) is one of the companies that are pertinent to the discussion about The Future of Artificial Intelligence: 10 Predictions for 10 Industries.

Earlier this year, Ronald Baron, the billionaire founder of Baron Capital, appeared on news platform CNBC and claimed that Tesla Inc. (NASDAQ:TSLA), an automotive and clean energy company, would reach $5 trillion in valuation within the next decade. He added that he believed Tesla CEO Elon Musk had even more ambitious goals in mind and wanted to make the automaker a $30 trillion company. Baron, a long-term investor in the automaker, has been consistently bullish on the autonomous driving and robotaxi initiatives of Tesla. Tesla CEO Elon Musk has also been vocal about his ambitions to integrate self-driving software into Tesla vehicles for years. Right now, Tesla owners can choose to subscribe to Full Self-Driving (FSD) in certain geographic regions only.

Photo by Tesla Fans Schweiz on Unsplash

Tesla Inc. (NASDAQ:TSLA) remains a trend-setter in the automotive AI space. An analyst at Morgan Stanley has an Overweight rating on the stock with $410 price target. In a recent investor note, the analyst said Tesla Q3 deliveries of about 497,000 beat the sell-side consensus expectation of 443,000 by 12% and came in at the high end of the buy side expectation range of 450,000-500,000. The strong Q3 delivery beat was likely driven by a demand pull-forward ahead of the expiry of EV consumer tax credits and marked the first year-over-year increase in deliveries this year, per the investor note by the analyst.

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.

READ NEXT: Goldman Sachs Value Stocks: 10 Stocks to Buy and 14 Best Precious Metals Stocks to Buy Now.

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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