Tesla, Inc. (NASDAQ:TSLA) has been identified as one of the best NASDAQ stocks to buy and hold for 3 years, according to a report by Reuters. The company is making strides in the autonomous ride-hailing sector by introducing its unsupervised robotaxis in the Austin Metro area in Texas. This move is part of Tesla’s growth strategy, which now focuses on AI and robotics alongside electric vehicles.
The latest development in Tesla’s autonomous technology came on May 29 when Estonia’s transport authority approved the use of Tesla’s Full Self-Driving (FSD) driver-assistance system on its roads. This clearance was granted after recognizing a type approval first issued in the Netherlands. The FSD system is classified as a level 2 driver assistance system, meaning the driver is still responsible for safe driving at all times.
While Tesla is primarily known for its high-performance electric vehicles and energy generation and storage systems, it is also considered a technology company due to its AI projects. Investors are closely monitoring Tesla’s advancements in AI and robotics, which are expected to drive the company’s future growth.
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In conclusion, Tesla’s foray into AI and robotics is positioning the company for future success in the autonomous vehicle market. As the company continues to innovate and expand its offerings, investors are keeping a close eye on Tesla’s developments. Follow Insider Monkey on Google News for more updates on Tesla and other investment opportunities.
