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Analysts predict a potential ChatGPT moment for Tesla, akin to Nvidia's exponential growth after an AI surge. One way to spur Tesla's momentum is by adjusting the price of its costly full self-driving software, which could incentivize more customers to buy and generate excitement for the company. Canaccord's analyst rates Tesla shares as a Buy with a $257 target price for the stock.
Tesla CEO Elon Musk praised the progress of artificial intelligence in Full Self-Driving (FSD), which he believes has the potential to capture public attention. Musk is confident that FSD will eventually happen and expects Tesla's advancements in real-world AI to have a huge impact. With the rise of autonomous driving technology and Musk's ambitions, Tesla could become the leader in the industry.