10 AI News Making Waves on Wall Street

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

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 February 10, Stifel Nicolaus analyst Stephen Gengaro maintained a “Buy” rating on the stock and decreased the price target to $474.00 from $492.00. Despite mixed fourth-quarter results and external uncertainties, Tesla’s future potential, particularly its strategic initiatives and innovations, has led the firm to maintain its buy rating on the stock. In particular, promising signs such as cost efficiency are a positive indicator of its future profitability. Moreover, the company plans on introducing a lower-priced vehicle in the first half of 2025 which could potentially expand its market reach. The expected launch of unsupervised Full Self-Driving (FSD) in Texas and its strong outlook for its Energy Storage division further add to Tesla’s long-term growth potential. At the same time, the firm has also cautioned about pricing pressures and low favorability ratings that may hamper short-term sales.

“Following mixed 4Q24 results, uncertainty caused by the Trump Administration, and TSLA’s low favorability ratings, we are modifying our estimates, maintaining our Buy, and reducing our target price to $474 from $492.”