• 162
  • 8
  • 2

Tesla Is Called an AI Sleeper That Could Take on Nvidia

Seeking Alpha2022-10-07

Tesla (NASDAQ:TSLA) is called the dark horse AI play by Truist Securities in a follow-up to the company's high-profile AI day in September.

blackdovfx

"We believe investors are less aware of Tesla's emerging expertise in Artificial Intelligence technologies," advised thefirm. In particular, Truist noted that advanced driver assistance systems are one of the most successful AI applications to date in the real world.

Truist thinks the applicability to Tesla's business should be immediately apparent as autonomous vehicle technology advances even further.

While Nvidia (NVDA) is called the clear leader in AI, Truist sees a path for Tesla (TSLA) to build its own business to compete with the California-based chipmaker in certain areas in the future.

"We believe the company’s position in this market is less a result of its strong position in GPUs [graphics processing unit] and other emerging products, and more a result of its culture of innovation, software development tools, and ecosystem of incumbency."

Truist has a Buy rating on Tesla (TSLA) and price target of $333, with the AI potential accounting for some of that upside.

Read Seeking Alpha author Ben Alaimo's breakdown of Tesla's AI Day that included details on the new Dojo supercomputer.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment8

  • Ninja Turtle
    ·2022-10-10
    Gd
    Reply
    Report
  • chinks29
    ·2022-10-08
    Ok
    Reply
    Report
  • davidsoh
    ·2022-10-08
    Tesla Won’t Stop Falling Until Musk Stops Selling
    Reply
    Report
  • SPOT_ON
    ·2022-10-08
    Plunging
    Reply
    Report
    Fold Replies
    • Tan123
      tired of his drama every now and then
      2022-10-09
      Reply
      Report
  • sgsg
    ·2022-10-08
    Ok
    Reply
    Report
  • DavidHTW
    ·2022-10-08
    Yeah!!!
    Reply
    Report
  • Abgi
    ·2022-10-07
    Ok 
    Reply
    Report
  • Kiwii
    ·2022-10-07
    Halo
    Reply
    Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24