Jim Cramer’s Bold Predictions About These 15 AI Stocks

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9. Tesla, Inc (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q3 2024: 99

Date of Cramer’s Comments: 8-19-24

Performance Since Then: 93.81%

Tesla, Inc (NASDAQ:TSLA) is the world’s biggest pure-play electric vehicle company which is also a key player in the AI industry due to the tech-focused nature of its CEO Elon Musk. The firm’s assisted driving platform FSD is among the market leaders in its niche, and it uses AI and copious computing resources to derive real-time driving insights. Musk’s proximity with President-elect Donald Trump has also injected fresh life into Tesla, Inc (NASDAQ:TSLA)’s shares since the November election. Ahead of the election, the shares were up by a meager 1.22% year-to-date due to broader weakness in the EV industry and a lack of clear guidance on autonomous ridesharing and other initiatives. Since then, Tesla, Inc (NASDAQ:TSLA)’s stock has gained 71.7%. Here’s what Cramer said in August:

“Investors should own shares of Tesla [heading] into the electric vehicle maker’s robotaxi event set for Oct. 10, according to analysts at Piper Sandler. The unveiling event was originally slated for Aug. 8, but CEO Elon Musk has said he requested design changes that resulted in the delay. Piper Sandler maintained its buy-equivalent rating and $300 price target on the stock. Shares of Tesla are down about 13% year to date.”

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