Tesla, Inc. (NASDAQ:TSLA) is one of the best long term stocks to invest in according to billionaires. Reuters reported on March 16 that the US government announced on Monday a supply agreement between Tesla, Inc. (NASDAQ:TSLA) and South Korea’s LG ​Energy Solution to ‌build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michigan. The expected production launch is in 2027. The U.S. Department of the ​Interior said in a statement that “American-made ​cells will power Tesla’s Megapack 3 energy ​storage systems produced in Houston, creating a robust ⁠domestic battery supply chain”.

Reuters further stated that the agreement was a part of a broader statement on deals highlighted by President Donald Trump’s administration from the Indo-Pacific Energy Security Summit.

In another development, Reuters reported on March 11 that Elon Musk unmasked a joint project between Tesla, Inc. (NASDAQ:TSLA) and his artificial intelligence startup xAI, which he called “Macrohard” or “Digital ​Optimus”. Musk stated that it was a system capable ‌of emulating the functions of software companies, adding that the project pairs xAI’s Grok large language ​model with a Tesla-developed AI agent ​that processes real-time computer screen video and keyboard and ⁠mouse actions.

Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. It operates through two segments: energy generation and storage and automotive. However, the company isn’t merely an automotive manufacturer; investors regard it as a technology company due to its other projects, most of which feature AI.

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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