10 AI Stocks Surging on News and Ratings

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. On May 13, UBS reiterated the stock as “Underweight.” The firm said it’s standing by its underweight rating on the EV maker.

“Available TSLA April sales data shows no signs of upward inflection from Q1. Of the 3 major markets we track, TSLA deliveries are trending down 18% y/y and 49% m/m. It’s still early, but the weak start implies risk to Q2 consensus deliveries.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $307 implies a 7.8% upside, however, the Street-high target of $470 implies an upside of 41%.