Tesla Stock (NASDAQ:TSLA) Faces Uncertain Backdrop, Says Wolfe

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Investors Are Watching CloselyOn September 4, Wolfe reiterated the stock as “Peer Perform,” noting that the backdrop for Tesla in 2026 is uncertain.

“But we are less certain into 2026, as TSLA faces a challenging fundamental backdrop.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $329 implies a 2.82% upside; however, the Street-high target of $500 implies an upside of 47.7%.

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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.