11 AI Stocks On Wall Street’s Radar

7. 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 May 19, Cantor Fitzgerald reiterated the stock as “Overweight” with a steady price target of $425.00. The firm stated that it sees a slew of positive catalysts in the months ahead for Tesla.

“With shares currently trading at ~$350, we remain bullish ahead of several material near-term potential catalysts.”

Several positive developments have been highlighted by analysts for the stock, particularly Tesla’s confirmation of the Robotaxi launch in Texas set for June and the planned introduction of a lower-priced vehicle in the first half of 2025. CEO Elon Musk has also stated that he will be spending more time at Tesla, another positive catalyst for the company.

Moreover, Tesla’s rollout of Full Self-Driving (FSD) features in China, as well as the expected release in Europe during the first half of 2025 (pending regulatory approval) are also seen as positive catalysts for the company’s future growth. The Optimus Bot’s high-volume production is projected for 2026, while the Tesla Semi Truck is also expected in the same year.

However, near-term challenges, such as broader macroeconomic conditions, tariff impacts, Musk’s controversial political stance, and the expected removal of the EV Tax Credit, also go hand-in-hand with the known positive catalysts.