Analysts Maintain Buy Rating

Tesla's AI Efforts Remain Significant Despite FSD Concerns

Analysts Maintain Buy Rating

Despite concerns about Tesla's Full Self-Driving (FSD) system, analysts at Truist Securities continue to argue that the company's artificial intelligence (AI) efforts remain significant.

Truist Analyst's Near-Crash Experience

Truist analyst William Stein nearly crashed while driving a Tesla with an older version of FSD. Despite this experience, Stein maintained a "Hold" rating on Tesla with a $215 price target.

AI's Importance to Tesla's Stock

Stein believes that Tesla's AI efforts are "meaningfully important" to the company's stock, even at its current price.

• Tesla's AI is crucial for the development of its autonomous driving technology.
• AI also plays a key role in the company's other products, such as its energy storage systems and software updates.

Conclusion

While Tesla's FSD system has faced criticism, analysts at Truist Securities remain confident in the company's overall AI capabilities. They believe that Tesla's AI efforts will continue to be a major driver of growth for the company in the years to come.

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