Tesla’s (TSLA) Robotaxi Vision Could Drive Scalable Revenue, Says Analyst

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks on Analysts’ Radar Right Now. On July 21, Cantor Fitzgerald analyst Andres Sheppard reiterated an “Overweight” rating on the stock with a $355.00 price target. The firm is positive on the stock, particularly owing to its potential in the autonomous vehicle market.

“Overall, we continue see Tesla’s Robotaxi segment as a software-as-a-service, high-margin model, and we expect TSLA to have the ability to rapidly scale following commercialization. We continue to believe that TSLA will capture a significant share of the autonomous driving and ride-sharing industries.”

Tesla’s (TSLA) Robotaxi Vision Could Drive Scalable Revenue, Says Analyst

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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.

READ NEXT: 10 AI Stocks on Wall Street’s Radar and 10 AI Stocks Analysts Are Tracking Closely.

Disclosure: None.