15 Best EV Stocks To Buy According to Billionaires

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Billionaire Investors: 21

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is an American multinational clean energy and EV company that ranks among the best EV stocks to buy according to billionaires. The company designs, manufactures, and sells electric vehicles, battery energy storage devices, solar panels, and related products and services.

A key focus for the company includes innovation in manufacturing and product development. In the fourth quarter of 2024, Tesla, Inc. (NASDAQ:TSLA) reported record vehicle deliveries and energy storage deployments. The company expects that its Model Y will remain the best-selling vehicle globally for 2024 after it topped the global sales charts in 2023. Tesla, Inc. (NASDAQ:TSLA) has introduced an improved and new Model Y, which is now available in all of the company’s markets. In 2024, the company made significant investments in infrastructure to expand manufacturing capabilities for new models. Tesla, Inc. (NASDAQ:TSLA) also plans to launch new vehicles, including more affordable models, in the first half of 2025. Additionally, the company’s purpose-built Robotaxi product, Cybercab, is set for volume production by 2026.

Overall, TSLA ranks first among the 15 best EV stocks to buy according to billionaires. While we acknowledge the potential of EV companies, our conviction lies in the belief that some 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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