10 Buzzing AI Stocks on Latest News and Ratings

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

One of the most notable analysts’ calls on June 4th was for Tesla, Inc. (NASDAQ:TSLA). Morgan Stanley reiterated the stock as “Overweight.” The firm said in a note on Wednesday that Tesla has the chops to be a player in the drone space.

 “Manufacturing, material science, navigation/ autonomy, electric motor development, battery storage, supporting infrastructure and robotics … Tesla has a host of relevant skills to be a factor in the Low Altitude Economy from both a commercial and (potentially) non-commercial perspective.”

In other news, Piper Sandler analyst Alexander Potter reiterated an Overweight rating on the stock with a $400.00 price target. The rating reaffirmation followed the company’s investor call.

Analysts appreciated Tesla’s unique approach to vertical integration in the automotive industry, pointing out how it is the only car manufacturer actively working to source batteries at scale without relying on China. They noted how its in-house production of ‘4680’ batteries is at “almost zero reliance” on Chinese resources.

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