5 Best ARK Stocks To Buy Now

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Q4 2023 Hedge Fund Shareholders: 82

Ark Invest’s Q1 2024 Investment Stake: $910.3 million

Headquartered in Austin, Texas, Tesla, Inc. (NASDAQ:TSLA) is a prominent manufacturer of fully electric vehicles and energy solutions. Their diverse product lineup includes popular models like the Model 3 and Model S sedans, Model Y and Model X SUVs, along with upcoming innovations such as the Cybertruck, Tesla Roadster, and Tesla Semi for light commercial use.

According to Insider Monkey’s analysis of hedge fund holdings at the end of December 2023, 82 out of 933 profiled hedge funds had invested in Tesla, Inc. (NASDAQ:TSLA). Notably, Philippe Laffont’s Coatue Management emerged as the company’s largest hedge fund shareholder, with a substantial $1 billion investment.