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Tesla, Inc. (NASDAQ:TSLA) is one of the best automotive stocks to buy according to hedge funds. Piper Sandler analyst Alexander Potter maintained a Buy rating on Tesla, Inc. (NASDAQ:TSLA) on August 29, setting a price target of $400.00.
The stock also received a Buy rating from Morgan Stanley’s Adam Jonas in a report issued on August 26. However, GLJ Research reiterated a Sell rating on Tesla, Inc. (NASDAQ:TSLA) on August 21.
Tesla, Inc. (NASDAQ:TSLA) reported on July 2 that it produced over 410,000 vehicles in Q2, delivering more than 384,000 vehicles and deploying 9.6 GWh of energy storage products.
Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. It operates through two segments: energy generation and storage, and automotive.
While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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