Tesla Inc (NASDAQ:TSLA) is one of billionaire Ken Fisher’s top high growth stock picks. Tesla shares have gained roughly 27% over the past year.

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On June 5, JPMorgan upgraded Tesla Inc (NASDAQ:TSLA) stock rating to Neutral from Underweight and raised the price target to $475 from $145. The brokerage cited Tesla’s push into new business lines that present future growth opportunities.

According to JPMorgan, businesses like autonomous driving, humanoid robots, software services, and AI chips could reshape Tesla’s earnings profile over the next decade. Additionally, the firm pointed out that Tesla’s level of vertical integration across hardware and software is unmatched, and that this aspect remains underappreciated.

JPMorgan estimates that Tesla’s EPS could surge to $7.50 by 2030, from roughly $1.95 in 2026. Moreover, the brokerage sees Tesla’s revenue more than doubling from $95 billion in 2025 to $203 billion in 2030. It expects the company’s newer businesses, like services, robotics, and autonomous driving, to contribute nearly half of the projected topline growth. Across Tesla’s various business lines, JPMorgan sees a $3.9 trillion addressable market opportunity for the company.

Elon Musk-led Tesla Inc (NASDAQ:TSLA) makes electric vehicles that run on batteries. Tesla has several vehicle models in its portfolio, including a pickup truck. While making and selling cars is its primary business line, Tesla also runs energy storage, autonomous ride-hailing, and robotics businesses.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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