10 Trending AI Stocks on News and Ratings

6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Trending AI Stocks on News and Ratings. On July 2, Canaccord Genuity analyst George Gianarikas reiterated a Buy rating on the stock with a $303.00 price target. The rating affirmation follows Tesla’s second-quarter delivery results, which exceeded Canaccord’s recently lowered estimates by approximately 24,000 units.

In particular, strong performance was witnessed in China, Norway, France, Spain, and Turkey, which led to the better-than-feared results. Regardless of this positivity, Tesla suffered its largest decline in year-over-year deliveries, falling 14% compared to Q2 2024. This is, the firm believes, largely due to Musk’s political endeavors.

Nevertheless, catalysts such as new models, traction from the revamped Model Y, and the expectations surrounding the Robotaxi announcement are likely to work for Tesla for the remainder of the year.

Energy storage deployments also witnessed a slowdown, with the firm concerned about energy structure development for artificial intelligence. It stated that “EVs drive the P&L, now and for the foreseeable future” and also stressed the need to see growth in Tesla’s core business.

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