Reported about 20 hours ago
Bank of America has reiterated a 'Neutral' rating on Tesla (TSLA) due to the anticipated impact of new tariffs on semiconductors following President Trump's announcement. The bank highlights that Tesla's exposure to semiconductor costs, necessary for vehicle production and AI advancements, could significantly affect its operations. While BofA recognizes Tesla's investment potential, they suggest that other AI stocks might present better opportunities with less risk.
Source: YAHOO