10 AI Headlines Making Waves Today

2. Tesla, Inc. (NASDAQ:TSLA)

Market Capitalization: $1.03 trillion

Tesla, Inc. (NASDAQ:TSLA) is engaged in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. The company is an AI stock, with its autonomous technology having the potential to be the “great unlock” that drives it to become an AI giant.

On November 12, Deutsche Bank reiterated a “Buy” rating on Tesla, Inc. (NASDAQ:TSLA) with a $295 price target. Tesla has added over $300 billion of market cap since the recent election, allowing it to cross the $1 trillion mark for the first time since early 2022, analysts wrote in a research note. The firm also sees “potential large terminal value benefits” to Tesla’s efforts in auto, robotaxi, and humanoid robotics from a Trump win. The new administration may set national standards for robotaxis to speed up deployment and provided that the Inflation Reduction Act gets repealed or changed, or extra tariffs get levied for imported parts, the company’s relative competitive position would only strengthen, notes the firm.