5 Best Robotics Stocks to Buy as Amazon Deploys 1 Million Robots

2. Tesla Inc. (NASDAQ:TSLA)

Short Percentage of Float: 2.30%

Number of Hedge Fund Holders: 123

Tesla Inc. (NASDAQ:TSLA) is one of the best robotics stocks to buy. On June 25, Barclays reiterated an Equalweight rating on Tesla Inc. (NASDAQ: TSLA) and a $360 price target. The cautious outlook comes amid concerns that automotive volumes and fundamentals have taken a back seat to investor focus on future technologies.

The investment bank expects the company to deliver about 418,000 units in the second quarter, slightly above consensus estimates of 396,000 units. Even as Tesla continues to fire on the delivery of electric vehicles, Barclays insists that the stock’s sentiment is driven by a renewed focus on Robotaxi Optimus and artificial intelligence.

Earlier in the year, Tesla CEO Elon Musk affirmed that the company is discontinuing the Model S and Model X, with the factory in California poised to start producing the upcoming Optimus Robot. The push comes amid concerns that the company is under pressure on electric vehicle sales, opting to focus on the future of AI and robotics.

Tesla Inc. (NASDAQ:TSLA) builds general-purpose humanoid robots and autonomous vehicle platforms using a shared, vision-based artificial intelligence system. The company heavily emphasizes that it is shifting from being just an electric car manufacturer to becoming a core AI and robotics enterprise.

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