12 Best Stocks to Buy and Hold for the Long Term

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6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 104

Tesla, Inc. (NASDAQ:TSLA) is one of the 12 Best Stocks to Buy and Hold for the Long Term. On June 20, Morgan Stanley analyst Adam Jonas maintained a Buy rating on Tesla, Inc. (NASDAQ:TSLA) with a price target of $410. The rating comes right before the company is set to test self-driving vehicles.

Jonas highlighted that the market is underestimating the role of automobiles in the overall hybrid computing market. He suggests that Tesla, Inc. (NASDAQ:TSLA) has the potential to leverage new AI-enabled technologies to innovate self-driving vehicles beyond traditional functions. Jonas sees the company’s upcoming tests as a step closer to a future where AI and robotics take new robotic forms, which will require complex computing systems.

The analyst sees Tesla, Inc. (NASDAQ:TSLA) playing a crucial role in enabling the robotic muscle and expanding the robotic market with the degree of freedom that makes it futuristic. Thus Jonas remains optimistic about the strategic growth opportunities for the company in the technology industry.

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