15 AI News That Broke The Internet

Page 11 of 14

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

On Monday, November 25th, UBS raised the firm’s price target on Tesla, Inc. (NASDAQ:TSLA) to $226 from $197 and kept a “Sell” rating on the shares. Tesla is an American multinational automotive and clean energy company that leverages AI to drive advancements in autonomous driving, robotics, and smart manufacturing. According to the analysts, Tesla shares have surged 40% since the U.S. election, adding over $350M of market cap. The firm is skeptical over the valuation of Tesla’s artificial intelligence initiatives, including robotaxis and the humanoid robot, Optimus. The analyst further asserted that the rise in Tesla’s stock is largely driven by momentum.

Page 11 of 14