10 AI News Investors Shouldn’t Miss

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, sells, and leases high-performance fully electric vehicles and energy generation and storage systems. On December 11, Goldman Sachs raised the price target on Tesla, Inc. (NASDAQ:TSLA) to $345 from $250 and kept a “Neutral” rating on the shares. The firm has lowered its EPS estimates due to reduced EV market forecast, which are in turn driven by lower deliveries and auto gross margins. Even though challenges are anticipated for Tesla’s core business in the near term, the firm believes the market is taking “a more forward-looking approach to Tesla”. The market is focusing on Tesla’s future potential. In particular, it is focused on Tesla’s opportunities in artificial intelligence, especially its full self-driving (FSD) software and Cybercab robotaxi.