Insights

Tesla (NASDAQ:TSLA) teases ahead of highly anticipated AI Day

AI Day is coming, here’s what we know…
The post Tesla (NASDAQ:TSLA) teases ahead of highly anticipated AI Day appeared first on The Motley Fool Australia. –

Tesla Inc (NASDAQ: TSLA) has been teasing its AI day event for a week now, but the excitement is mounting.

At the time of writing, the Tesla share price is sitting at US$710.92 – marking a 9.4% lift since the announcement of the inaugural event.

What do we know about Tesla AI Day?

After being revealed via a tweet from Elon on 29 July, plenty of rumours and speculation have circulated. According to invitations, the event is being held in Palo Alto California on August 19.

Invitees will get a keynote from Elon himself, witness hardware and software demos, and experience test rides in the Model S Plaid. The newly created artificial intelligence day will be dedicated to “convincing the best AI talent to join Tesla” in the words of Elon Musk.

Furthermore, the invitation included an image of a computer hardware stack. The image has been doing the round on Twitter with plenty of speculation over what it means. This has been further hyped by leading UCLA AI researcher Dennis Hong teasing his involvement with Tesla.

#Tesla #AI day
August 19, 2021 
Palo Alto, CA
5 p.m. PDT pic.twitter.com/4zsP9cVxh5

— Dennis Hong (@DennisHongRobot) August 3, 2021

Potentially the most interesting statement in the invitation reads:

Attendees will be among the first to see our latest developments in supercomputing and neural network training. They’ll also get an inside-look at what’s next for AI at Tesla beyond our vehicle fleet.

Additionally, the event holds importance in understanding how far along Tesla is on its mission to create a fully autonomous vehicle fleet. However, the statement of “beyond our vehicle fleet” has onlookers wondering what else Tesla is working on.

From EVs to Robots?

Tesla commentators, including Dave Lee from Dave Lee on Investing, have speculated whether Tesla is pushing into making robots (humanoids). Though, in a YouTube video, Dave somewhat dismisses the potential of this in the near term — noting how far away technology is from that currently.

We’re on the cusp of something big, really big – namely the emergence of AI-powered robots that will be able to do most of what humans do but better.

This is both exciting and concerning.@elonmusk @tesla

— Dave Lee (@heydave7) May 1, 2021

Instead, Dave suggested that AI Day might mark the announcement of Tesla branching out to other AI applications. For now, mark 19 August 2021 in your calendar, when Elon will drop the latest news.

The post Tesla (NASDAQ:TSLA) teases ahead of highly anticipated AI Day appeared first on The Motley Fool Australia.

Should you invest $1,000 in Tesla right now?

Before you consider Tesla, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Tesla wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

Tesla keeps winning even as Chinese EV foes watch sales soar

Why Tesla stock popped Monday

Ampol (ASX:ALD) share price falls on $7m funding for EV fast charging
Why the Tesla share price jumped 5% on Thursday

Here are the US shares ASX investors were buying last week

Motley Fool contributor Mitchell Lawler owns shares in Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Tesla. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!