10 AI Stocks Catching Wall Street’s Attention

7. 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. One of Tesla’s strongest backers on Wall Street believes Musk is having a “moment of truth” at his company due to a crisis that he has created by spending too much time in the Trump administration.

“Musk needs to change course here … Tesla’s future depends on it.”

-Dan Ives

In order to get the company back on track, Ives said that two things need to happen. First, Musk needs to formally announce that he will balance his role as leader of the White House Department of Government Efficiency (DOGE) task force and CEO of Tesla so that it can “take the heat off Musk.”

“Musk needs to make a statement and his actions speak louder than words. We would expect this to happen either before or during the 1Q earnings conference call in early May.”

The second thing Musk must do is provide a “roadmap” for the lower-priced EVs Tesla has been promising since last year. These are slated for production in 2025.

Considering how autonomous is a major factor in most analysts’ bull cases for the stock, he also wants to know more about the unsupervised Full Self-Driving (FSD) Robotaxi rollout coming to Austin, Texas, in June.

While there has been news that Tesla has received an initial permit to begin ride-hail testing with Tesla employees in piloted cars, the news came from California regulators rather than the company.

“With a Model Y refresh, inventory issues, and a host of demand issues with Musk brand damage a worry … there is one person Tesla investors need to hear from … Musk.”