Top 10 AI Stocks Analysts Are Monitoring

5. 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 3^rd, Morgan Stanley analyst Adam Jonas reiterated an “Overweight” rating and $430.00 price target on the stock. The firm has reinstated the electric-vehicle maker as its top U.S. auto pick, citing that the company’s artificial intelligence and robotics efforts could boost growth even as the car business falters.

It observes that the company is transitioning from an automotive “pure play” to “a highly diversified play on AI and robotics.” Analysts note that Tesla FY25 deliveries could potentially decline year-over-year, thereby “creating an attractive entry point to our preferred embodied AI name.” Its softer auto deliveries are “emblematic of a company in the transition from an automotive ‘pure play’ to a highly diversified play on AI and robotics”.