As per Biji Network, Tesla (TSLA) shares rose on Thursday following NVIDIA (NVDA)'s better-than-expected quarterly earnings report. NVIDIA CEO Jensen Huang highlighted the 'new wave' in AI systems, mentioning Tesla's FSD and xAI as key players. Stifel analyst Stephen Gengaro raised his price target for Tesla to $508, citing the importance of its AI-based FSD and Robotaxi projects. Tesla plans to expand its paid Robotaxi service to 8–10 metropolitan areas by late 2025. Elon Musk recently announced the completion of the AI5 chip design review, with production expected to ramp up by mid-2027.
Tesla (TSLA) Shares Rise After NVIDIA's Strong Earnings Report
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