10 AI Stocks in Focus Amid U.S. – China Tariff Pause

6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. Tesla, along with Amazon, led the “Magnificent Seven” Big Tech stock surge today after the US and China announced a temporary trade war truce, with Amazon shares surging 7.2% while Tesla’s jumped 6.8%.

Tesla has also been in the limelight lately after its self-driving endeavors managed to draw attention from analysts. Many of these analysts believe that autonomous tech could play a central role in the company’s growth plans. Goldman Sachs analyst Mark Delaney reiterated a “hold” rating for Tesla, whereas Piper Sandler analyst Alexander Potter maintained a “buy” rating with a $400 price target.

Both analysts have highlighted Tesla’s Full Self-Driving Software as a reason behind their optimism. Potter believes that even though the current FSD requires human intervention, the company may be preparing for a safer version before the Austin service launch.