10 AI Stocks Trending on News and Analyst Ratings

8. 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 February 11, Oppenheimer analyst Colin Rusch reiterated a “Perform” rating on Tesla, stating that Musk’s bid for OpenAI is a distraction for the company. On February 10, an Elon Musk-led group offered $97.4 billion to buy the nonprofit that controls OpenAI. Seemingly an attempt to block the AI startup’s transition to a profit firm, Altman posted on X: “no thank you but we will buy Twitter for $9.74 billion if you want”. Meanwhile, analysts at Oppenheimer believe that this bid is only a distraction considering Tesla has now shifted its focus to being a physical AI play.

“While Tesla has shifted its focus to positioning as a physical AI play, we view Elon Musk’s bid for OpenAI as a distraction from Tesla’s core challenges [while] the bid, coming at a 38% discount to OpenAI’s October 2024 capital raise, is unlikely to lead to meaningful discussions. We see increasing risks to [Wall] Street estimates for Tesla as competition in the [electric-vehicle and autonomous-vehicle] markets continues to intensify”

-Oppenheimer analyst Colin Rusch.