10 AI Stocks on Analyst’s Radar Today

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

One of the most notable analyst calls on Tuesday, May 27, was for Tesla, Inc. (NASDAQ:TSLA). Tesla is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

UBS analyst Joseph Spak reiterated a “Sell” rating on the stock with a $190.00 price target. The firm stated that its survey checks showed declining interest in Tesla and EVs.

According to the UBS survey, the U.S. market is saturated, there are limited models, and also affordability issues. Meanwhile, there is rising competition in China, and Tesla is no longer seen as a technology leader, while in Europe, there is possible brand damage linked to Elon Musk’s politics.

To conclude, the firm remains cautious on the stock despite all the excitement around Tesla’s robotaxis and robotics ventures. The core auto business faces risk, particularly with potential regulatory changes in California.

“Survey shows declining interest in EVs and the Tesla brand around the world.”