Tesla (TSLA) Stock: Barclays Reiterates Equal Weight, Cites Robotaxi Permit Delays

Tesla, Inc. (NASDAQ:TSLA) is one the AI Stocks Analysts Are Watching CloselyOn August 18, Barclays reiterated the stock as “Equal Weight” stating that it sees a “lengthy” permitting process for Tesla’s robotaxi.

“The process for ‘real’ autonomous Robotaxi in CA will likely be lengthy, as Tesla must apply for and receive a number of permits prior to offering paid, driverless services; moreover, media reports indicate that Tesla’s engagement with California regulators has been more limited than people realize, with Tesla Robotaxi pitched for now in a more limited way than people understand.”

Tesla (TSLA) Stock: Barclays Reiterates Equal Weight, Cites Robotaxi Permit Delays

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Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $329 implies a 1.8% upside; however, the Street-high target of $500 implies an upside of 49.2%.

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.