12 Best Battery Stocks to Buy According to Billionaires

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Billionaire Investors: 21

Tesla, Inc. (NASDAQ:TSLA) creates and produces electric vehicles, battery storage, and solar energy products for global markets like the U.S. and China. The company has two main segments: Automotive and Energy Generation & Storage. It is expanding production and advancing clean energy technology. It finished Megafactory Shanghai in December 2024 and started production in February 2025.

Tesla, Inc. (NASDAQ:TSLA) earned $7.1 billion in 2024, with $2.3 billion from Q4 ended December 31, 2024. Non-GAAP income hit $8.4 billion for 2024 with operating cash flow at $14.9 billion, while Q4 generated $4.8 billion, pushing Tesla’s cash and investments to $36.6 billion. Moreover, the company cut costs, as total cost per vehicle expenses were below $35,000 in Q4, thanks to cheap input costs.

Tesla’s energy storage segment hit record profits in Q4 as Powerwall 3 production ramped across more markets. The company expects over 50% growth in storage deployments in 2025, helped by its Shanghai facility. Additionally, Tesla is improving Full Self-Driving, with an unsupervised version coming to Austin by mid-2025, and then expanding across the U.S. through 2026.

Looking ahead, Tesla, Inc. (NASDAQ:TSLA) aims to launch a cheaper EV by the end of the first half of 2025. It is also scaling Optimus humanoid robot production to thousands of units in 2025, with sales starting in 2026. Therefore, through investments in AI, vehicle production, and energy solutions, Tesla remains among the best battery stocks.

Overall, Tesla, Inc. (NASDAQ:TSLA) ranks first on our list of the Best Battery Stocks to Buy According To Billionaires. While we acknowledge the potential of TSLA, 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 30 Best Stocks to Buy Now According to Billionaires.

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