Tesla has an NVIDIA problem. stock is slumping.
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The valuations of all three AI stocks are massively lower than Tesla's trailing P/E ratio of 304.3, and even its forward P/E of 205.6. From a valuation standpoint, it's a very clear win for the AI stocks as well.
Investor's Business Daily on MSN
Why Elon Musk and Tesla aren't losing sleep over Nvidia's self-driving announcement
TeslaTSLA CEO Elon Musk launched a flurry of social media posts on X following Nvidia'sNVDA announcement Monday that it was launching its own autonomous vehicle AI, and planned to test a robotaxi taxi service with unnamed partners by 2027.
Tesla, Inc. (NASDAQ: TSLA) is one of the AI Stocks on the Market’s Radar. On January 5, UBS analyst Joseph Spak reiterated a Sell rating on the stock with a $247.00 price target. While the firm is bullish on Tesla’s technological progress, it believes that AI upside is more than priced in.
That would put Palantir in rarefied air. Only 10 U.S. companies, including Nvidia and Tesla, are worth at least $1 trillion. Most Wall Street analysts are less bullish; the stock has a median target price of $200 per share, which implies 15% upside from the current share price of $174.
Stocktwits on MSN
Tesla Stock Slips Premarket: Elon Musk Says He’s ‘Not Losing Any Sleep’ Over Nvidia’s Alpamayo AI
Musk said he is “not losing any sleep” over Nvidia’s Alpamayo launch and added that he hopes the effort succeeds. ・Nvidia introduced Alpamayo to tackle rare, complex driving scenarios using reasoning-based AI models.
Nvidia's Alpamayo sells autonomy to automakers terrified of the software future—Tesla remains the only robotaxi-committed player.
One of the main occupants of the assisted/autonomous driving domain is, of course, Tesla. The company has leaned heavily into the technology, most recently with the release of its Full-Self-Driving (FSD) v14 software near the end of last year. Despite its name, FSD is an assisted driving system and not an autonomous one.
Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks Making Waves on Wall Street. On January 4, HSBC analyst Michael Tyndall reiterated a Reduce rating on the stock with a $131.00 price target. The rating affirmation follows Tesla’s fourth-quarter delivery results,