Tesla, Inc. (TSLA) Stock Gets $450 Price Target as Analyst Dismisses Political Blame for Slump
We recently published a list of 11 AI Stocks Shaking Up Wall Street Today. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other AI stocks shaking up Wall Street today.
It hasn't been long since DeepSeek released its efficient yet low-cost models, causing a frenzy in the tech world. The AI startup has returned to the spotlight today, releasing a major upgrade to its V3 large language model in a quest to intensify competition with its Western counterparts.
The new model, called DeepSeek-V3-0324, has been made available through the AI development platform Hugging Face. The move marks the startup's continued push to gain a foothold in the rapidly intensifying tech landscape.
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The updated model includes added parameters and improvements in coding and mathematical problem-solving. The company's website has used the terms 'enhanced reasoning capabilities, optimised front-end web development and upgraded Chinese writing proficiency', to define its updates.
According to the South China Morning Post, this new version and DeepSeek V3 are both foundation models trained on vast data sets. These can be applied in different use cases, such as that of a chatbot.
DeepSeek data has shown that the updated model demonstrates notable benchmark improvements on tests such as the American Invitational Mathematics Examination (AIME). The new version scored 59.4 compared with 39.6 for its predecessor on the test, while it achieved a 49.2 on LiveCodeBench, an increase of 10 points.
According to Häme University of Applied Sciences lecturer Kuittinen Petri, 'Anthropic and OpenAI are in trouble.' He noted this when he tested out the new version and asked it to 'create a great-looking responsive front page for AI company.' In response, the new version produced a mobile-friendly, accurately functioning website after coding 958 lines.
Petri further noted that 'DeepSeek is doing all this with just [roughly] 2 per cent [of the] money resources of OpenAI'.
Another tester, Jasper Zhang, a Math Olympiad gold medalist from the University of California, Berkeley, checked the model with an AIME 2025 problem. According to him, 'it solved it smoothly'.
'More confident open-source AI models will win in the end.' -Jasper Zhang.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points ().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 25, Piper Sandler analyst Alexander Potter reiterated an Overweight rating on the stock with a $450.00 price target. Addressing concerns about the impact of CEO Elon Musk's political activities on Tesla's delivery numbers, Potter asserted that his activities aren't the only cause driving the year-over-year delivery declines in the first quarter.
'However: we think it's incorrect when investors and/or journalists point to politics as the primary driver of Tesla's double-digit y/y delivery declines (in Q1).'
According to him, supply constraints are the main factor causing the plunge in delivery numbers. Despite these challenges, Tesla maintains strong financial health. Potter has also highlighted Tesla's potential for new product launches and the anticipated introduction of a robo-taxi service in June behind his optimism for the stock.
Overall, TSLA ranks 7th on our list of AI stocks that are shaking up Wall Street today. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about the .
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires
Disclosure: None. This article is originally published at Insider Monkey.
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