10 Exciting AI Stocks to Watch Right Now

6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 115

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Exciting AI Stocks to Watch Right Now. On September 8, Morgan Stanley reiterated the stock as “Overweight,” stating that Elon Musk’s pay package is a “good deal” for shareholders.

A few days prior, Tesla’s board proposed a $1 trillion compensation plan for CEO Elon Musk to keep his focus on the EV maker.

“While the proof is in the execution, at face value, the proposed compensation package aligns Tesla minority shareholder interest with those of Elon Musk in a way that incorporates operational milestones, profitability milestones and value creation milestones (market cap) while cementing a long-term commitment to the company.”

The firm believes that Tesla’s long-term prospects are closely tied to Elon Musk and the company’s ambitions in artificial intelligence. It believes that the package “puts to bed concerns over Elon’s long-term commitment to Tesla,” and that Musk “has expressed his desire to hold at least a ‘blocking minority’ (25%-type stake) in the company to have some say in a potential change of control.”

The investor note further highlighted how Tesla’s performance targets, including vehicle deliveries, Full Self-Driving subscriptions, and Robotaxis, “appear achievable over a 10-year view.”

However, the goal of $400 billion in adjusted EBITDA would demand major contributions from AI-driven markets, including its Optimus humanoid robots.

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