15 AI News That Should Not Be Ignored

Page 13 of 14

2. Tesla, Inc. (NASDAQ:TSLA)

Market Capitalization: $1.1 trillion

Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, and sells fully electric vehicles, energy generation and storage systems. It leverages artificial intelligence for its self-driving technologies and robots that have the potential to revolutionize manufacturing.

On Monday, November 11, Wedbush reiterated Tesla, Inc. (NASDAQ:TSLA) as “Outperform” and raised the firm’s price target on the stock to $400 from $300. The firm believes Tesla is well-positioned to gain from artificial intelligence and autonomous driving. Together, the opportunity that these two factors present is worth $1 trillion alone for Tesla. This is especially true after Donald Trump won the elections, the firm notes, calling the Trump win a “game changer” for the stock.

“We are raising our price target on Tesla to $400 from $300 as we believe the Trump White House win will be a game changer for the autonomous and AI story for Tesla and Musk over the coming years”.

-Wedbush

Page 13 of 14