5 Best Battery Stocks To Buy Heading Into 2024

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors In Q2 2023: 79

Like GM, Tesla, Inc. (NASDAQ:TSLA) is also known mostly for its cars. However, the firm also makes its own batteries to drive down car costs, and it also sells an energy storage system called Powerwall with batteries to help people live off the electric grid. October 2023 proved to be a great month for Tesla, Inc. (NASDAQ:TSLA)’s batteries, as the firm revealed that it has now built the 20 millionth battery cell in its Texas facility.

79 out of the 910 hedge funds surveyed by Insider Monkey for their Q2 2023 shareholdings had held a stake in Tesla, Inc. (NASDAQ:TSLA). Catherine D. Wood’s ARK Investment Management owns the largest stake that is worth $1.2 billion and comes via 4.8 million shares.

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