17 Best Stocks for Kids According to Jim Cramer

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5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Discussing stocks that would be good choices for newborns, Cramer listed Tesla, Inc. (NASDAQ:TSLA) among “great growth stocks”.

“At the same time, you also want to give your kids something with a little more juice like the great growth stocks of an era. I mean, I’m talking about the Apples, the, the NVIDIAs, the Teslas, the Metas.”

Tesla (NASDAQ:TSLA) designs and manufactures electric vehicles and energy systems, offering a variety of services including vehicle sales, insurance, financing, leasing, and solar energy products, while also providing energy storage solutions and related services.

Aristotle Atlantic Partners, LLC stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter:

“Tesla, Inc. (NASDAQ:TSLA) detracted from performance in the fourth quarter of 2024. The stock had a strong performance in the fourth quarter, and our portfolio has an underweight position relative to the benchmark weight. Tesla reported better-than-expected third quarter earnings in late October. Given the CEO of Tesla’s position as an advisor to President-elect Trump, performance in the shares accelerated following the U.S. presidential election. There are expectations that regulation for autonomous driving will be centralized with the federal government. There have been reports in the press that tax incentives for electric vehicles will be eliminated or reduced, which could have a negative impact on Tesla’s subscale competitors.”

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