10 AI News You Can’t Miss

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4. 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 December 23, Barclays kept an “Equal-Weight” rating on Tesla with a $270 price target. The firm expects Tesla to report Q4 deliveries of 515,000 units, up 6% year-over-year and slightly above the consensus estimate of 511,000. The analyst also told investors in a research note that a beat could keep the momentum strong, but the company’s fundamentals are a secondary focus. Moreover, a slight near-term volume miss “would likely do little to dampen” the company’s focus on autonomous vehicles and artificial intelligence, particularly with the anticipated 2025 launch of “Unsupervised FSD”. Tesla’s Full Self-Driving (FSD) is expected to reach unsupervised status as early as 2025, allowing vehicles to operate without human oversight. Similarly, the firm noted that a slight beat in Q4 is also insignificant to Tesla’s bull case.

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