10 Hot AI News Updates Analysts are Monitoring

5. 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 March 6, Baird lowered the firm’s price target on the stock to $370 from $440 and kept an “Outperform” rating on the shares. The firm has deemed Tesla as a “Bearish Fresh Pick” due to “near-term headwinds” related to production challenges and demand uncertainty.

The analyst told investors in a research note that Tesla’s consensus Q1 delivery estimate of 437,500 is at risk due to weak intra-quarter sales data from Europe, the U.S., and China. Model Y refresh production downtime associated with the “complicates the supply-side of the equation while at the same time, Musk’s involvement with the Trump administration adds uncertainty to the demand-side.” Despite these concerns, the firm remains bullish on Tesla due to “long-dated initiatives such as the launch of the Optimus robot, robotaxi service/expanding FSD, and ramping sales of the more affordable vehicle(s).”