OpenAI has fired back at a lawsuit filed against Elon Musk, CEO of Tesla. The company claims Musk’s lawsuit stems from “regrets about not being involved” with OpenAI’s recent advancements.
Stock Target Advisor’s View on Recent Dispute:
Stock Target Advisor gives Tesla a buy rating and pegs it at a promising target price of $278.8, forecasting an impressive price change of 54.25% in the next 12 months.
The average analyst target price for Tesla Inc (TSLA: NSD) currently stands at USD 259.54. Stock Target Advisor’s analytics shows a slightly bullish trend with the scattergun of 9 positive and 5 negative signals.
Tesla’s last closing price was recorded at USD 180.74 with substantial weekly, monthly, and yearly stock price changes projected. Sector-wise, Auto Manufacturers on NSD Exchange holds a decent average analyst rating complemented by Stock Target Advisor’s rating.
The Future of the Dispute Between Musk vs Open AI:
With both sides taking strong stances, the lawsuit appears headed for a court battle. This public feud between a tech visionary and the company he co-founded casts a shadow over the future of AI development.
OpenAI reportedly released a trove of emails in its defense. These emails allegedly show Musk supporting OpenAI’s shift towards a for-profit model. The emails also claim Musk pushed for the company to raise “billions” to compete with tech giants like Google.
Conclusion:
If you’re an investor, this rough situation involving Musk’s legal battle with OpenAI and a careful examination of Tesla’s stock financial success is instructive. Keep an eye on this space as we continue to track events and give you data-driven, useful information.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
