10 AI Stocks in the Spotlight for Investors

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 115

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks in the Spotlight for Investors. On September 12, TD Cowen analyst Itay Michaeli reiterated a Buy rating on the stock with a $374.00 price target.

The rating affirmation follows a special sell-side call with the Special Committee of the Board to discuss the recent CEO compensation proposal in the proxy filing.

The firm said it now has a clearer understanding of those proposals and that Tesla’s product milestones are well-aligned with the company’s thesis.

Analysts believe that the early milestones are achievable by 2030, while the remaining milestones will reflect Tesla’s bold long-term growth ambitions.

“The four Product Goals outlined in the proxy provide a good read on Tesla’s LT strategic priorities. By our estimation, the initial achievement of the four product goals would seem to align with the first two EBITDA milestones of $50/$80bln (our 2030E EBITDA = $53bln). Thus, our working assumption is that these product goals are possibly contemplated for achievement around ~2030 (give/take) within the 10yr plan, with remaining EBITDA milestones (up to $400bln) reflecting scalability ambitions.”

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.