10 Unstoppable Growth Stocks To Buy According to Reddit

Page 9 of 9

1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Funds: 99

6-month Performance as of January 27, 2025: 74.6%

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company specializing in producing electric cars and solar-integrated renewable energy solutions. In the fourth quarter of 2024, the company produced more than 459,000 vehicles and delivered over 495,000, a record number for the company. Similarly, in the full fiscal year of 2024, TSLA produced more than 1.77 million vehicles and delivered nearly 1.79 million. With the new regulations in place, TSLA has room to run explaining why 99 hedge funds were bullish on the stock at the close of Q3 2024.

On January 27, analyst firm, Wedbush raised TSLA’s price target from $515 to $550, keeping an outperform rating on the shares. The analyst firm is extremely confident about TSLA’s position in 2025 and beyond. Wedbush expects the firm to see positive demand for its autonomous vehicles under the new administration. In addition to that, the firm highlighted that the opportunity from AI and autonomous vehicles alone is worth $1 trillion, suggesting that Tesla, Inc. (NASDAQ:TSLA) could reach a $2 trillion market capitalization by the end of 2025.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that certain 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 Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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