10 Best Climate Change Stocks to Buy Now

Page 9 of 9

1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is a leading electric vehicle (EV) manufacturer and clean energy company renowned for its innovative products, such as the Model S, Model 3, Model X, and Model Y. Beyond automobiles, the company also offers energy storage solutions and solar products, positioning itself at the forefront of sustainable energy solutions.

In early 2025, Tesla, Inc. (NASDAQ:TSLA) faced a challenging start with a significant decline in global sales, particularly in China and Europe. The company reported a 40% year-over-year drop in sales for February, contributing to a 43% decline for the year so far

Tesla, Inc. (NASDAQ:TSLA) is expanding to Saudi Arabia, with a launch event set for April. After a five-day, 30% rally, the stock dropped on March 26 following Canada’s decision to exclude its vehicles from future EV rebate programs amid a trade dispute with the U.S.

Analysts’ opinions on Tesla, Inc. (NASDAQ:TSLA) remain mixed. CFRA maintained a “Buy” rating with a price target of $385, citing the company’s regionalized manufacturing as a buffer against potential import tariffs from Canada and Mexico. Conversely, some analysts have lowered their delivery projections and price targets, reflecting concerns over demand and market conditions. Despite recent volatility, analysts see a 41.34% upside, with 57 ratings and a 51% buy consensus.

Overall, Tesla, Inc. (NASDAQ:TSLA) ranks first on our list of the best climate change stocks to buy now. While we acknowledge the potential for 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 cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 9 of 9