9 AI Stocks Poised to Gain from Trump’s Middle East AI Push

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 13, CEO Elon Musk made a big push for robotics in Saudi Arabia, including self-driving cars. While the company is yet to launch its robotaxi service to the public, it has announced its plans to launch a pilot of the service in Austin in June. Musk expressed his desire to bring robotaxis to Saudi Arabia as well, even though no specific timeline has been announced as yet. It must be noted that Uber is already laying the groundwork to launch autonomous vehicles later this year.

“Really you can think of future cars as being robots on four wheels, and I think it would be very exciting to have autonomous vehicles here in the Kingdom if you’re amenable.”

-Musk said to Abdullah Alswaha, Saudi’s Minister of Communications and Information Technology.