15 AI Stocks Taking Wall Street by Storm

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4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Tesla, Inc. (NASDAQ:TSLA), an American multinational automotive and clean energy company. Tesla is an AI player as it uses artificial intelligence to drive advancements in autonomous driving, robotics, and smart manufacturing.

On November 27, Pony AI, a Chinese self-driving car company, held its initial public offering (IPO) in New York. The company manufactures sensors and software for self-driving vehicles. It claims to use AI-trained software with sensing hardware including global positioning systems, optical cameras, radar, and laser-based radar (lidar) to operate its self-driving vehicles. Its AI approach is similar to Tesla’s self-driving technology. Pony AI is a competitor of Tesla, Inc. (NASDAQ:TSLA), and its entry has the potential to heighten competition in the autonomous vehicle space and impact market dynamics.

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