10 Buzzing AI Stocks on Wall Street Right Now

7. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Buzzing AI Stocks on Wall Street Right Now. On July 1st, Wedbush analyst Daniel Ives reiterated an Outperform rating on the stock with a $500.00 price target following the latest criticism from Trump.

Ives considers the Trump-Musk relationship to be a “soap opera” that has become a significant overhang on Tesla’s stock.

“As we discussed, this BFF situation has now turned into a soap opera that remains an overhang on Tesla’s stock, with investors fearing that the Trump Administration will be more hawkish and show scrutiny around Musk-related US government spending related to Tesla and SpaceX, and most importantly the autonomous future, with the regulatory environment key to the future of Robotaxis and Cybercabs. We would expect the stock to be weak to kick off trading this morning as the Street will show concern that the Trump and Musk once BFF relationship now backfires and turns into a junior high school friendship gone bad into an enemy. We believe this situation will settle and at the end of the day Musk needs Trump and Trump needs Musk given the AI arms race going on between the US and China. The jabs between Musk and Trump will continue as the budget rolls through Congress, but Tesla investors want Musk to focus on driving Tesla and stop this political angle, which has turned into a life of its own in a roller coaster ride since the November elections. At the end of the day, being on Trump’s bad side will not turn out well, and Musk knows this, and Tesla investors want this back and forth to end. We maintain our Outperform rating and $500 price target.”

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