10 Best Environmental Stocks To Invest In Right Now

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors: 99

Tesla (NASDAQ:TSLA) is a global leader in electric vehicle production. The company has revolutionized the automotive industry with its cutting-edge electric cars. Additionally, Tesla (NASDAQ:TSLA) is driving innovation in robotics and autonomous driving with its advanced Full Self-Driving (FSD) software. The company’s mission is to accelerate the world’s transition to sustainable energy.

Autonomy is a key focus area for Tesla (NASDAQ:TSLA), and the company is making significant strides in developing and deploying autonomous driving technology. Tesla (NASDAQ:TSLA) recently released the Full Self-Driving version 12.5 and plans to release version 13.0 of Full Self-Driving. The new update is expected to enhance the miles between interventions by 5 to 6 folds compared to the prior version. Furthermore, the company aims to achieve full autonomy by Q3 2025 and capabilities that will surpass human driving by the end of 2025.

Tesla (NASDAQ:TSLA) plans to debut self-driving electric vehicles for ride-hailing in California and Texas by the middle of 2025, as the regulatory approval process is more streamlined in these states. The company is already testing this service by offering ride-hailing for its employees in the Bay Area.

Tesla (NASDAQ:TSLA) is also focusing on increasing its vehicle production and plans to introduce more affordable models in the first half of 2025. This strategy is designed to make electric vehicles more accessible to a wider audience. Additionally, the company is on track to start volume production of the Cybercab in 2026, with an ambitious target of producing at least 2 million units annually and potentially scaling up to 4 million units in the future. This expansion in production capacity will not only meet the growing demand for electric vehicles but also aims to contribute to the company’s long-term goal of becoming a fully autonomous and sustainable transportation provider.

While we acknowledge the potential of Tesla (NASDAQ:TSLA) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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.

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