Tesla (TSLA) Faces Market Share Loss in Europe but Wins Praise for AI Advances

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Investors Should Keep on Their RadarOn August 29, Bank of America reiterated the stock as “Neutral” stating that European Tesla registrations remain disappointing.

“Despite the strong performance of BEVs [battery electric vehicles] in the region, TSLA sales continue to disappoint. TSLA’s registrations are down -33.6% YTD, with July at -40% YoY. This indicates that TSLA is losing market share to competitors which are expanding their BEV offerings.”

On the same day, Piper Sandler analyst Alexander Potter maintained a Buy rating on the stock today and set a price target of $400.00 on the company’s Full Self-Driving progress. The firm discussed the progress in robo-taxis and FSD despite cost headwinds.

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.