13 NASDAQ Stocks with the Highest Upside Potential

9. Tesla Inc. (NASDAQ:TSLA)

Average Upside Potential as of April 8: 43.60%

Number of Hedge Fund Holders: 126

Tesla Inc. (NASDAQ:TSLA) is a global EV manufacturer and energy generation and storage systems company. Its Automotive segment offers products and services related to EVs, while the Energy Generation and Storage segment engages with solar products and services for residential, commercial, and industrial customers.

Tesla Inc. (NASDAQ:TSLA) is relatively insulated from the current tariff environments as compared to other major automakers in the US because of a higher degree of vertical integration than traditional automakers. However, it does heavily rely on international sources, like China, for a substantial amount of its parts and batteries. Given this risk, Wedbush reduced the company’s price target from $550 to $315 on April 8, while reaffirming an Outperform rating.

The company’s autonomous driving and AI-related initiatives are anticipated to eventually make up 90% of its valuation. Optimus can generate over $10 trillion in revenue for Tesla Inc. (NASDAQ:TSLA). Internal plans call for building ~10,000 Optimus robots in 2025 alone. The initial robotaxi rollout plans in select US cities will also strengthen the company’s market presence in autonomous vehicle technology.

Nightview Capital views this company as a leader in the real-world AI space and stated the following regarding Tesla Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter:

“Artificial intelligence is no longer just a promise—it’s becoming the defining force of the modern economy. From self-driving vehicles to humanoid robotics, intelligent systems are not only enhancing efficiency but unlocking entirely new markets. These systems process and learn from vast amounts of real-world data, iterating and improving at a scale no human could achieve.

In our view, this isn’t just innovation; it’s exponential evolution. Companies leading the AI revolution are building formidable data moats, making it nearly impossible for latecomers to compete. Every mile driven by an autonomous vehicle, every task completed by an industrial robot—these actions feed a cycle of continuous improvement.

Industries like transportation, healthcare, and logistics are on the brink of massive disruption, and we believe this is a pivotal moment.

Tesla, Inc. (NASDAQ:TSLA): Core Opportunity: As highlighted in our 3Q investor letter, we believe Tesla’s leadership in real-world AI continues to be underestimated by the market. After a period of relatively flat growth, we see Tesla at the cusp of the next S-curve of transformation, driven by advancements in autonomous driving, energy storage, and electric vehicles. These multi-trillion-dollar markets offer Tesla a unique, integrated growth trajectory unmatched by competitors…” (Click here to read the full text)