10 AI Stocks Making Waves: GTC Highlights & Beyond

6. 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 the most notable analyst calls on Tuesday, March 19, was for Tesla, Inc. Cantor Fitzgerald upgraded the stock to “Overweight” from Neutral with an unchanged price target of $425. The rating upgrade follows the firm’s recent visit to the company’s Gigafactory and AI data centers in Austin; ahead of the company’s introduction of its Robotaxi segment targeted for June in Austin and California later in 2025.

The analysts told investors how the shares pullback is “an attractive entry point” for investors who have greater than a 12-month investment horizon and those who are comfortable with volatility. The firm also noted how there are upcoming “material catalysts” for the stock. These include the introduction of the Robotaxi segment in June, the FSD rollout in China, the FSD rollout in Europe, the introduction of a lower-priced vehicle in the first half of 2025, high volume production of the Optimus Bot in 2026, initial deliveries of Optimus to customers sometime next year as well as the introduction of the Semi Truck.