15 AI Stocks Surging on News and Analyst Ratings

Page 9 of 14

6. 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, the stock was revisited by a Wall Street analyst, Adam Jonas from Morgan Stanley. Jones has maintained a “Buy” rating on the stock and has a $410.00 price target. He believes that Tesla has the potential to move beyond its traditional core automotive business, noting how investors focus solely on Tesla’s car sales, even though its future value lies in its ability to leverage its installed base of vehicles for additional revenue streams.

The analyst also pointed out the growth and high margins of Tesla’s energy storage business, valuing it at $67 per share. He further said that Tesla’s humanoid robots have the potential to transform the labor market and also add significant value to the company. Even though valuing Tesla’s diverse portfolio of emerging businesses remains a challenge, the above factors have enabled a positive outlook toward the stock.

Page 9 of 14