10 AI Stocks Making Headlines This Week

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. On March 25, New Street analyst Pierre Ferragu stood by his “Buy” rating with a price target of $465.

Due to the controversies surrounding the role of CEO Elon Musk within the Trump administration, Tesla shares have had a rough couple of months. The company is also expected to report a rough first quarter, due to an expected decline in deliveries for the period on a year-over-year basis.

However, Ferragu asserts that headwinds facing the stock are largely on the supply side, with demand in China remaining strong. Nevertheless, he is optimistic that the electric car maker will be able to rise above these challenges. “Some good reasons to buy the bottom,” he said.