11 Most Promising Future Stocks According to Hedge Funds

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8. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. However, it isn’t merely an automotive manufacturer; it also focuses on innovative technologies, including robotics and AI. The company has a humanoid robot line, Optimus, and an autonomous vehicle fleet, Cybercabs.

Tesla, Inc. (NASDAQ:TSLA) plans to begin selling Optimus robots by 2026, and Elon Musk announced that they have the potential to generate over $10 trillion in revenue. The company also has plans to build a ride-hailing network for Cybercabs, which operate without steering wheels or pedals and do not require a human driver. They can thus operate round the clock and potentially generate a high-profit margin revenue stream for the company.

On April 29, Morgan Stanley analyst Adam Jonas maintained a Buy rating on Tesla, Inc. (NASDAQ:TSLA) and set a price target of $410.00. The analyst reasoned that the company’s strategic positioning in emerging technologies justifies this buy rating and ranks it on our list of the most promising future stocks to invest in. He highlighted the company’s capabilities in innovative areas such as humanoid robots, autonomous vehicles, and other technologies present significant growth and margin opportunities that extend beyond the traditional EV market.

Jones said that Tesla, Inc.’s (NASDAQ:TSLA) involvement in these advanced sectors, including energy storage, robotics, and infrastructure, positions it to capitalize on the expected growth in the humanoid robotics market. The market is anticipated to exceed the global auto industry in size, lending the company a considerable competitive advantage for long-term revenue growth.

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