10 AI Stocks Making Waves on Wall Street

7. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks Making Waves on Wall Street. On June 25, Goldman Sachs analyst Mark Delaney maintained a ‘Neutral’ rating on Tesla and reiterated a 12-month price target of $285. The firm has raised concerns about the near-term prospects of the company’s newly launched robotaxi service, suggesting that investors may have gotten ahead of themselves.

Tesla launched robotaxi operations on Sunday, June 22, making its service available for a group of early-access individuals in Austin, Texas. In response, investors drove the stock price more than 8% the following day.

Delaney has cautioned against this optimism, stating that even though the commercial launch paves the way for success in the autonomous vehicle market, near-term scaling may take longer than anticipated.

“The use of an Austin-specific tech stack, a Tesla employee being present in the vehicle (albeit on the passenger side), and the navigation/lane issue reported in the first day of use suggests scaling will be slow in the near-term in our view. We also believe this suggests that it will be some time before consumers can use [Full Self-Driving] on their personal vehicles in a wide operating area.”

The analyst also mentioned how “some degree of [autonomous vehicles] related profit was already in the stock.” Tesla’s valuation also boosted in Monday’s rally against rival Waymo, which the firm believes is already ahead of Tesla in terms of robotaxi operations.

“With the move higher on 6/23/25, Tesla added > $90 bn to its market cap or roughly double Waymo’s reported valuation of > $45 bn as of October 2024 per Bloomberg.”