GTC Recap and Beyond: 10 AI Stocks on Investor’s Radar

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 19, Reuters reported that the company has received the first in a series of approvals from California required to eventually launch a promised robotaxi service in the state. According to the California Public Utilities Commission (CPUC), Tesla’s application for a transportation charter-party carrier permit (TCP) has been approved.

The TCP is a license usually associated with chauffeur-operated services, permitting the company to own and control a fleet of vehicles and transport employees on pre-arranged trips. While the permit is a prerequisite before applying to operate an autonomous ride-hailing service in California, a CPUC spokesperson noted that the current permit “does not authorize them to provide rides” in autonomous vehicles. It does not allow Tesla to operate a ride-hailing service to the public either.