10 AI Stocks Taking Wall Street by Storm

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 February 24, Wedbush analyst Daniel Ives reiterated an “Outperform” rating and $550.00 price target on the stock. Ives noted that he is sticking with his rating and price target because he is optimistic about the company’s autonomous and robotics future. The firm has pointed out Tesla’s upcoming vehicle and product launches.

“Tesla is gearing up for a new mass market vehicle launch in 1H25, making major product developments around autonomous/Optimus across its global production ecosystem, Austin unsupervised FSD launch set for June, and a host of other growth EV/battery catalysts on the horizon.”

Wedbush analysts led by Ives also wrote that Musk is capable of balancing his many roles.

“The worry of the Street is that Musk dedicating so much time (even more than we expected) to DOGE takes away from his time at Tesla in such a crucial moment and year for the company”. But, they noted, “Musk has always been able to balance his countless initiatives better than any other CEO we have seen.”