Tesla Inc. (TSLA:NSD) Apple’s co-founder Wozniak states concerns with Tesla’s Autopilot

Dangers of AI in Cars?

Steve Wozniak, the co-founder of Apple alongside Steve Jobs, recently criticized Tesla and its self-driving technology.  Wozniak stated that he paid a lot of money to Tesla for claims that did not hold up, referring to the company’s promises that a car would be able to drive itself across the country by the end of 2016. Wozniak upgraded to the new model, but found that it was “not even close to reality.”

Wozniak went on to say that Tesla’s self-driving technology is a “study of AI gone wrong” claims the AI is trying to kill you every chance it can.” He also stated that Tesla’s Autopilot system is “deceiving” and “dangerous.” He believes that Tesla’s claims about its driver assistance systems overshadow these accomplishments. Wozniak’s comments echo the concerns of some critics who argue that Tesla’s Autopilot system gives drivers a false sense of security and could lead to accidents.

Tesla’s self-driving technology has come under scrutiny in recent years, with several high-profile accidents involving Autopilot-equipped vehicles. In response, Tesla has argued that its technology is safe when used properly and that accidents are the result of driver error or misuse of the system.

While the debate over Tesla’s self-driving technology continues, it is clear that the company’s claims have attracted significant attention and criticism. As self-driving technology becomes more widespread, it will be important for companies to be transparent about the capabilities and limitations of their systems, and to ensure that they are safe and reliable for drivers and passengers alike.

TSLA Stock Forecast

According to a consensus of 50 analysts, the average target price for Tesla Inc stock over the next 12 months is USD 204.01. This suggests an upside potential of approximately 27.2% from the current stock price of USD 160.61. The analysts’ consensus rating for the stock is Buy, which reflects their confidence in Tesla’s future growth prospects.

As of the last closing, Tesla Inc’s stock price was USD 160.61, which is significantly lower than the average target price of USD 204.01. Over the past week, Tesla’s stock price has increased by 4.46%, but it has decreased by 17.54% over the past month and 47.01% over the past year. This highlights the company’s volatility and the challenges it faces in the market.

Stock Target Advisor has given a slightly bullish rating to Tesla Inc. The rating is based on 10 positive signals and 5 negative signals. The positive signals include the company’s growth prospects, increasing revenue and earnings, and a strong market position in the electric vehicle industry. On the other hand, negative signals include the company’s high valuation, increasing competition, and regulatory risks.

Tesla Inc’s stock price forecast remains positive, with the majority of analysts predicting an upside potential. However, investors should also be aware of the company’s volatile stock prices and the potential risks that come with investing in a highly competitive and rapidly evolving industry. As always, it is important to do thorough research and seek professional advice before making any investment decisions.

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