10 High-Flying AI Stocks to Watch Today

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 18, RBC Capital Markets analyst Tom Narayan lowered his price target to $320 per share from $440 on the electric vehicle maker. The firm has lowered its Full Self-Driving (FSD) pricing and robotaxi penetration assumptions for Tesla, leading to the price target cut.

“We now assume Tesla FSD pricing drops to $50/month in 2026 from $100/mo today.” Tesla is also facing pressure from overseas rivals, particularly in China. “While we do think it unwise to extrapolate too much from car demand dynamics, Tesla is losing market share in Europe and China…In China in particular, competition is intensifying. Further, on robotaxis, we think it likely that domestic OEMs [original equipment manufacturers] will dominate the market. As a result, we now lower our market share assumption to 10% from 20% in both markets.”