NEW YORK, NY / ACCESSWIRE / September 22, 2017 / Tesla and AMD will be working to develop an artificial intelligence ship for self-driving cars. While AMD shares exploded on the news that was first revealed on Wednesday, Tesla's shares dropped. Tesla had announced yesterday that it would be discontinuing the cheapest Model S on Sunday and traders seemed fixated on that.

RDI Initiates Coverage on:

Tesla, Inc.
http://www.rdinvesting.com/report/?ticker=TSLA

Advanced Micro Devices, Inc.
http://www.rdinvesting.com/report/?ticker=AMD

Tesla, Inc.'s shares closed down 1.99% on Thursday with lackluster trading volume. It was a dismal day if you compare AMD's performance. It was revealed this week that Tesla and AMD will be working to develop its own artificial intelligence chip for self-driving cars. According to a CNBC report, former AMD employee Jim Keller, the head of Tesla's Autopilot advanced driver-assistance system, is working with 50 people on the project and several of them include AMD employees. While this news was exciting, Tesla's stock drop may also be a result of Tesla confirming to CNBC that the electric vehicle giant would discontinue its cheapest Model S this coming Sunday. This particular Model is a rear-wheel-drive 75 and Tesla is changing to an all-wheel-drive lineup for the Model S.

Access RDI's Tesla, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=TSLA

Advanced Micro Devices, Inc.'s shares closed down 2.40% on explosive trading volume compared to usual. The stock traded over 166 million shares compared to an average of about 71 million shares. It was a huge day for the company after it was revealed by CNBC on Wednesday that the company is working with Tesla to develop AI processors for self-driving cars. According to the CNBC report, the two companies are working together on the autonomous car chip. The report also said that Tesla already has assigned over 50 employees to work on the project. Shortly after the new, Rosenblatt Securities reiterated a "buy" rating on the stock with analyst Hans Mosesmann remarking, "The Tesla/AMD move has disruptive implications to the multi-billion self-driving market. The net/net here for AMD is that Tesla has confirmed AMD's CPU and GPU roadmaps in a field that nobody was considering as viable; it says that AMD's CPU/GPUs in PC and server markets are the real deal."

Access RDI's Advanced Micro Devices, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=AMD

Our Actionable Research on Tesla, Inc. (NASDAQ: TSLA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) can be downloaded free of charge at Research Driven Investing.

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