10 AI Stocks in the News Today

8. 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. On Monday, May 5th, Jefferies reiterated the stock as “Hold” with a price target of $300. The firm said it’s standing by its hold rating on the stock. The firm acknowledged that “TSLA and its mission are bigger than CEO Musk,” but governance issues and leadership style are fueling volatility. Nevertheless, the company’s operating performance and strategic positioning support its future prospects.

“TSLA is now regaining some tech initiative with June’s Robotaxi launch in Austin, but its edge may be scalability over technology as AV initiatives accelerate elsewhere. Having returned to a $1trn valuation, the shares give TSLA the benefit of the doubt on 152/107x 2025/26 PE.”