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Tesla, Inc. (NASDAQ:TSLA) is one of the Unstoppable Growth Stocks to Invest In According to Reddit. On April 13, RBC Capital lowered the price target on Tesla, Inc. (NASDAQ:TSLA) from $500 to $480, while maintaining an Outperform rating on the shares.
The firm said in a research note that the reduced price target is based on the Q1 earnings preview for auto, OEMs, and suppliers. RBC noted that the OEMs and suppliers have witnessed a recent pullback due to the macroeconomic concerns in the Middle East. Moreover, the increased fuel prices around the world are also expected to increase EV adoption in Europe. RBC anticipates a limited market share shift toward EVs in the US, as government incentives rather than fuel prices have been the primary driver of EV adoption.
Overall, Wall Street’s 12-month average price target suggests more than 23% upside from the current level, reflecting a bullish sentiment for Tesla, Inc. (NASDAQ:TSLA).
Tesla, Inc. (NASDAQ:TSLA) is a vertically integrated battery electric vehicle manufacturer and developer of real-world artificial intelligence software, such as self-driving cars and humanoid robots.
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.
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