Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News

Editor's Pick

Tesla stock is ‘biggest beneficiary’ of artificial intelligence: Cathie Wood

Tesla Inc (NASDAQ: TSLA) opened in the green this morning after Cathie Wood said it was a top name for exposure to artificial intelligence.

Wood’s bull case for Tesla stock

In particular, the influential investor is convinced that autonomous vehicles will be transformative for the Austin-headquartered firm.

We think Tesla Inc is the biggest AI play out there, the biggest beneficiary. Autonomous vehicles are robots. They will be electric and they will be powered by artificial intelligence.

She is keeping super bullish on the electric vehicles company even though it took a significant blow to margins in its first financial quarter as Invezz reported here.  

Her view is in line with Wall Street that currently has a consensus “overweight” rating on Tesla stock that’s still down nearly 15% versus its year-to-date high at writing.

Wood’s price objective on the AI stock

Cathie Wood likes Tesla stock as CEO Elon Musk is committed to three key areas that she expects will grow exponentially in the coming years – energy storage, robotics, and artificial intelligence.

Each one of these is growing exponentially, and then you have them feeding each other. So, S-curves feeding S-curves … this could be explosive growth.

The Founder and CEO of Ark Invest expects autonomous taxi business to be generating between $8.0 trillion and $10 trillion in revenue globally by the end of this decade.

It is also noteworthy that she sees this AI stock trading at a whopping $2,000 per share by 2027 (read more).

The post Tesla stock is ‘biggest beneficiary’ of artificial intelligence: Cathie Wood appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Everynet, one of the world’s largest network operators for national LoRaWAN® networks, announces it is working with Amazon Web Services (AWS) to offer long-range...


    As more candidates throw their hats into the 2024 Presidential ring, I’d like to offer a proposal that should have immediate bipartisan support: stop...

    Editor's Pick

    The Internet of Things (IoT) is changing the way we interact with technology, and it has the potential to revolutionize the way we manage...

    Editor's Pick

    Semtech Corporation and esteemed engineering design services firm, Connected Development, today announced the launch of the new XCVR Development Board and Reference Design integrating...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023