9 AI Stocks In Focus: Tariffs and Key Updates

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 April 8, Wedbush reiterated the stock as “Outperform” and lowered its price target on the stock to $315 per share from $550.

“Tesla is less exposed to tariffs than other US automakers such as GM, Ford, and Stellantis as well as foreign autos … although Tesla still derives a considerable amount of its parts/batteries from sources outside the US including China.”