Tesla’s AI Dreams May Already Be Priced Into Stock
- EV maker’s stock more expensive than AI darling Nvidia’s
- Wall Street sees self-driving opportunity reflected in shares
A Tesla Inc. showroom.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
When it comes to Tesla Inc. and artificial intelligence, few are on the same page as Cathie Wood.
According to the chief executive officer of ARK Investment Management, the electric carmaker is the biggest AI play, which will help its stock price rise to about $2,000 in 2027 from around $225 currently. The majority view on Wall Street is that potential is already incorporated in the company’s rich valuation.