"UBS" recommends selling your "Tesla" shares due to problems with artificial intelligence

UBS Group AG has lowered the argument of “Tesla” share to the “sale” level; Because of the fear that the shares of the US electric car manufacturer have increased very quickly and extremely “optimistic about its artificial intelligence plans. “If the enthusiasm of the market fades on artificial intelligence can affect Tesla’s evaluation.” Therefore, analysts have reduced their classification from ‘neutral’ to ‘selling’. Analysts added that the reduction of the classification is justified by “due to the lack of clarity and risks associated with achieving growth opportunities over a longer period (or may not reach it at all),” note that the share is trading more than 80 times in the profit estimates next year. Increased fear of artificial intelligence reflects the “UBS” step for increasing concerns about the judgments of companies related to artificial intelligence technology, as it is clear during a short time of major shares in technology (the end of trading day and the beginning of the next day). Tesla also faces modest expectations about electric cars as their sales and profits fall. Tesla is one of the ten highest shares in value within the “S&B 500” index, bypassed by a major difference, the rest of the shares of major technology companies. Before the share price fell by 8.4% on Thursday, it rose 44% until last Wednesday during a series of heights that lasted 11 days, thanks to the bets that billionaire founder Elon Musk could transform it into a giant business in the field of artificial intelligence. UPS analysts have written that the appreciation that investors give Tesla due to their multiple initiatives has recently increased due to the obsession with artificial intelligence, and “a greater opportunity should be seen to justify the purchase classification.” The recent increases in the price of “Tesla” stocks are supported by the growth of income by a double percentage. But the company shocked the investors after its step with the launch of self -management taxi, which was expected to be postponed on October instead of August, as well as the growing sales and increasing competition.