10 Trending AI Stocks on Latest Analyst Ratings and News

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 85

Tesla, Inc. (NASDAQ:TSLA) is an American automotive company engaged in the design, development, manufacture, lease, and selling of electric vehicles, and energy generation and storage systems. It is an AI play leveraging advanced artificial intelligence to drive its development of self-driving technology.

On November 8, Wedbush Securities analyst Dan Ives forecast that Tesla, Inc. (NASDAQ:TSLA)’s artificial intelligence initiatives are poised to gain from Trump’s presidency, regardless of the headwinds of the broader electric vehicle sector. The analyst says that Trump’s return to the White House could potentially unlock “$1 trillion of incremental AI valuation” for the company.

“We believe Trump in the White House changes the landscape for @elonmusk and @Tesla and will start the unlock the $1 trillion of incremental AI valuation in the Tesla story in our view over the coming years”.

-Dan Ives, Wedbush Securities analyst.