Wedbush Reiterates Outperform on Tesla (TSLA), Calls Musk a 'Wartime CEO'

Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks on Wall Street. On September 15, Wedbush reiterated the stock as “Outperform” stating that Tesla CEO Elon Musk is a “wartime CEO.”

According to analyst Dan Ives, the company is in a prime position to emerge as a clear leader in the autonomous market opportunity, and that robotaxis are set to scale to 30 to 35 cities in the U.S. over the next year.

Ives and his team have deemed the new pay package for Elon Musk as crucial, and that Musk, being CEO, is the most important asset to Tesla (TSLA).

“We believe Tesla and Musk are heading into a very important chapter of their growth story as the AI Revolution takes hold and the Robotaxi opportunity is now a reality on the doorstep.”

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 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: 10 AI Stocks You Should Not Ignore and 10 AI Stocks Analysts Say You Should Watch Closely.

Disclosure: None.