Analysts are predicting a possible “ChatGPT moment” for Tesla, similar to Nvidia’s surge following forecasted second-quarter sales due to the company’s artificial intelligence (AI) business. Canaccord analysts suggest one way for Tesla to generate momentum is to cut the price of its so-called “full self-driving” (FSD) software. The software is expensive, costing $15,000, with a subscription rate of $199 per month or $99 for a $6,000 upfront payment for the upgrade. Analysts suggest that adjusting the price of the software would incentivize more customers who are considering purchasing it. The adoption of the software may generate excitement for Tesla, much like the adoption of open AI’s artificial intelligence-powered chatbot did last year. Gianarikas, an analyst with Canaccord, rates Tesla shares at Buy with a targeted price of $257 for the stock. However, the average analyst offers a rating of $190 a share.
Tesla Stock Poised for ‘ChatGPT Moment’ Amidst Potential Growth Opportunities.
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