12 Most Promising Green Stocks According to Hedge Funds

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors: 99

Tesla, Inc. (NASDAQ:TSLA) is a global leader in electric vehicle manufacturing that has transformed the automotive industry with its innovative electric cars. Beyond vehicles, Tesla (NASDAQ:TSLA) is pushing boundaries in robotics and autonomous driving with its advanced Full Self-Driving (FSD) software.

Tesla, Inc. (NASDAQ:TSLA) is focusing on ramping up its vehicle production and intends to introduce more affordable models in the first half of 2025. This initiative is aimed at making electric vehicles accessible to a broader audience. Additionally, the company is on track to begin volume production of the Cybercab in 2026, with a goal of manufacturing at least 2 million units annually and potentially scaling up to 4 million units in the future. This production expansion is designed to meet the rising demand for electric vehicles while supporting the company’s long-term vision of becoming a fully autonomous and sustainable transportation leader.

Tesla, Inc. (NASDAQ:TSLA) is also focusing on autonomous driving technologies, the company has recently introduced Full Self-Driving version 13.0. This version is expected to increase the distance driven between driver interventions by 5 to 6 times compared to the previous version. The company aims to achieve full autonomy by the third quarter of 2025, with capabilities expected to surpass human driving by the end of 2025. Tesla, Inc. (NASDAQ:TSLA) also plans to launch self-driving electric vehicles for ride-hailing in California and Texas by mid-2025, as these states offer a more streamlined regulatory approval process. Currently, the company is piloting this service by providing ride-hailing options to its employees in the Bay Area.

While we acknowledge the potential of Tesla, Inc. (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.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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