Tesla (TSLA) Stock in Focus as Barclays Lifts Price Target to $350, Citing Tariff Advantage

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks in the Spotlight This WeekOn October 17, Barclays reiterated the stock as “Equal Weight” and raised its price target to $350 (from $275). The firm stated that the stock is a beneficiary of tariff changes.

“Tesla: Key beneficiary of tariff relief on U.S. production as 100% of vehicles sold in the U.S. are made in the U.S.”

According to the analysts, Tesla heads into Q3 earnings with two contrasting “stories,” namely an accelerating autonomous and AI narrative fueled by Elon Musk’s proposed comp package and a weakening fundamental backdrop.

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Barclays anticipates a Q3 EPS beat driven by gross margin and volume strength. However, it is “leaning neutral to slightly negative” into the print owing to a recent rally driven by a “muted view” on fundamentals.

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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