Tesla Inc (NASDAQ:TSLA) is one of the top 10 trending stocks as a famous billionaire predicts a massive AI stock rally before a bubble burst. Gene Munster of Deepwater Asset Management believes the end of EV tax credits could benefit Tesla, as competitors have been “under-investing” in the space.

Munster stated that Tesla has been making EVs profitably, while competitors are losing money. He emphasized that Tesla and Waymo are the two companies leading the way in Full Self-Driving technology, with Tesla’s progress in Austin experiencing some slowdowns but still showing promise.

Baron Focused Growth Fund praised Tesla for its achievements in designing, manufacturing, and selling electric vehicles, solar products, and energy storage solutions. Despite macroeconomic challenges, Tesla’s shares climbed after rolling out its robotaxi business in Austin. Investor sentiment improved after Elon Musk reduced government-related engagements, boosting confidence in Tesla’s execution.

Read more at Yahoo Finance: Analyst Says End of EV Tax Credits Positive for Tesla (TSLA) Amid ‘Catch-22’ Of Competitors