Top 10 AI Stocks Making Headlines Today

8. 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 21, Barclays reiterated the stock as “ Equal Weight” and cut its price target to $275 per share from $325 ahead of earnings on Tuesday. Some of the reasons for cutting the price target include Tesla’s weaker fundamentals and challenges in reaching 2025 unit volume growth.

“1. Confusing set-up on 1Q with weak fundamentals, but could see positive reaction on better narrative (more engaged Elon, [Full Self Driving] event); 2. Expecting trough gross margin driven by volume decline, production inefficiencies.”