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Why Tesla Stock Is Up After AI Day

TheMotleyFool

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Why Tesla Stock Is Up After AI DayPhoto, wide shot, wide-angle lens, Bank, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/3aa597ca-f944-4a9b-bf8d-3071f3b5a5c9.png

So Tesla (NASDAQ: TSLA) is in the history books -- and it was "an absolute head scratcher" according to Dan Ives, managing director at investment bank Wedbush Securities.

Wedbush didn't change its "outperform" rating on Tesla stock this morning in response to the company's plan to build its own D1 computer chips to run its Dojo supercomputer and power a humanoid "Bot" -- but it did express bemusement that this is Tesla's focus in an environment of "rising EV competition and safety issues for Tesla," reports TheFly.com. Wells Fargo called the company's timeline, of having even just a prototype Bot ready by 2022, "optimistic" -- and left its rating unchanged as well, at "equal weight."

Image source: Getty Images.

Source Fool.com

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