12 AI Stocks Making Waves Today

Page 7 of 11

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 April 30, Morgan Stanley reiterated the stock as “Overweight.” The firm said that it’s sticking with the company as a key player in the race to build humanoid robots.

“Tesla CEO Elon Musk reiterated the company’s plans to produce ‘thousands’ of Optimus robots by year-end (and 1 million by 2030). However, since a material portion of the supply chain still needs to be developed in-house, production may be concentrated near the end of the year.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $307 implies a 10% upside, however, the Street-high target of $470 implies an upside of 69%.

Page 7 of 11