5 Best Aggressive Stocks To Buy Now

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60    

Tesla, Inc. (NASDAQ:TSLA) has been perhaps the single biggest disruptive force in the market over the past few years. The stock has crossed $1 trillion in market capitalization and is far ahead of other automakers in terms of EV sales and deliveries across the world. However, there have been increased murmurings about the valuation of the firm in recent months, with investors like Michael Burry placing multi-million dollar short bets against the firm. 

Piper Sandler analyst Alexander Potter recently raised the price target on Tesla, Inc. (NASDAQ:TSLA) stock to $1,300 from $1,200 and kept an Overweight rating, noting that EV launches of other brands were falling flat. 

At the end of the second quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $9 billion in Tesla, Inc. (NASDAQ:TSLA), down from 62 in the previous quarter worth $10 billion.

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”