Analyst talks Tesla’s bull case for 2024: ‘We think there’s a lot of earnings growth,’ Canacord

Tesla CEO Elon Musk (TSLA) has come under fire for his comments on X (formerly Twitter). But Canaccord Genuity Managing Director George Gianarikas isn’t concerned about what sort of impact it could have on the EV maker. Gianarikas argues that Musk’s antics are not new and that “he’s who you have to take in to invest in Tesla’s stock.”
Tesla has missed some targets recently, but Gianarikas argues that when Musk is giving his goals, he’s not just trying to please investors and Wall Street, but that “he’s trying to inspire the three, four, five companies that he’s the CEO of and he navigates.” Gianarikas points to Tesla’s full-self driving (FSD) technology. He thinks Tesla will succeed in meet its FSD goals. For example, Gianarikas says Tesla’s FSD is relying “completely on AI to navigate their vehicle” and as a results he thinks Tesla is “the AI company because ultimately real world AI is about self driving. You are literally taking AI to navigate a vehicle from one place to the other. There’s no more productive use of AI out there.”
#Tesla #youtube #ElonMusk

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