11 AI Stocks Shaking Up Wall Street Today

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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 25, Piper Sandler analyst Alexander Potter reiterated an Overweight rating on the stock with a $450.00 price target. Addressing concerns about the impact of CEO Elon Musk’s political activities on Tesla’s delivery numbers, Potter asserted that his activities aren’t the only cause driving the year-over-year delivery declines in the first quarter.

“However: we think it’s incorrect when investors and/or journalists point to politics as the primary driver of Tesla’s double-digit y/y delivery declines (in Q1).”

According to him, supply constraints are the main factor causing the plunge in delivery numbers. Despite these challenges, Tesla maintains strong financial health. Potter has also highlighted Tesla’s potential for new product launches and the anticipated introduction of a robo-taxi service in June behind his optimism for the stock.

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