10 Stocks with Consistent Growth to Buy

2. Tesla Inc. (NASDAQ:TSLA)

5-Year Revenue CAGR: 30.75%

Number of Hedge Fund Holders: 85

Tesla Inc. (NASDAQ:TSLA) is an American multinational corporation focused on electric vehicles and sustainable energy solutions. The company designs, manufactures, and sells high-performance electric cars, including the popular Model S, Model 3, Model X, and Model Y. Beyond vehicles, Tesla also offers energy products like solar panels and battery storage systems through its Energy division.

The company is making significant progress in the electric vehicle (EV) market, as demonstrated at its recent “We, Robot” event where CEO Elon Musk unveiled two innovative vehicles: the Cybercab and the Robovan. The Cybercab, the company’s long-awaited robotaxi, is an autonomous vehicle without a steering wheel or pedals. It is projected to cost under $30,000 and is expected to begin production by 2026. Meanwhile, the Robovan is designed to accommodate up to 20 passengers or transport goods, further expanding Tesla’s (NASDAQ:TSLA) reach into the autonomous transport sector.

In addition to these vehicles, Musk highlighted advancements in Tesla’s humanoid robot, Optimus, which he believes could become a significant product for the company. Optimus is designed to handle various everyday tasks.

Financially, the company achieved record revenues in Q2 2024, driven by strong performance in its energy storage segment and a rebound in vehicle deliveries. With plans for more affordable EV models and ongoing investments in AI and infrastructure, Tesla Inc. (NASDAQ:TSLA) is set to capitalize on the growing demand for electric vehicles and sustainable energy solutions, making it an attractive stock for investors.

In the last five years, Tesla Inc. (NASDAQ:TSLA) has achieved a revenue growth rate of 30.75% annually. This brings TSLA to the 2nd spot on our list of the 10 stocks with consistent growth to buy.