Tariff Hits and More: 10 AI Stocks in the Spotlight

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 4, JPMorgan reduced estimates for the stock and reiterated an “Underweight” rating on the shares with a $120 price target. The analysts talked about the “unprecedented brand damage” on Tesla stock due to CEO Elon Musk’s increasing political involvement with the Department of Government Efficiency (DOGE).

Previously, many Tesla bulls cited how the Trump administration over the next years would be a “total game changer” for the autonomous and artificial intelligence story for Tesla. However, that narrative has changed quickly. JP Morgan has since reduced estimates for the stock, considering that the company reported Q1 deliveries far below the firm’s “low end estimate.” The firm now expects estimates to decline even further to new, lower estimates. They expect Tesla to report Q1 earnings per share of 36c versus the previous 40c, compared to the recent consensus estimate of 46c.