Top 12 AI Stocks Dominating the Market Right Now

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6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

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 February 11, Morgan Stanley analyst Adam Jonas maintained a “Buy” rating on the stock and set a price target of $430.00. According to the firm, Tesla has been proactive in integrating artificial intelligence and autonomous vehicle technology. This has allowed it to be ahead of traditional automakers who are less focused on these advancements. The firm anticipates investor expectations and market dynamics to be bolstered further by the planned launch of unsupervised autonomous services in Austin. Tesla’s potential for growth is also supported by the competitive environment with companies like Waymo and the rise of innovative Chinese players like BYD, driving regulatory acceptance, consumer interest, and even innovation and price competitiveness. Meanwhile, the company’s efforts in maintaining strong supply chain relationships with China also play an important role in sustaining its advancements in electric mobility.

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