5 Best Environmental Stocks To Invest In

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 79

As one of the largest electric vehicle manufacturers globally, Tesla, Inc. (NASDAQ:TSLA) tops our list of the best environmental stocks to invest in. With a market capitalization of around $740 billion, Tesla, Inc. (NASDAQ:TSLA) produces, leases, and sells EVs, and energy generation and storage systems mainly in the US, China and the European market. In 2022, Tesla, Inc. (NASDAQ:TSLA) developed and sold more than 1.3 million EVs around the world. In Q3, it manufactured more than 430,000 EVs and said that energy storage deployment jumped 90% year-over-year. For the September quarter, the Elon Musk-led EV manufacturing giant reported non-GAAP earnings of $0.66 per diluted share and total revenue of $21.5 billion.

Insider Monkey took a look at Q2 hedge fund portfolios for Tesla, Inc. (NASDAQ:TSLA) and found that 79 had stakes in the firm. Ken Griffin’s Citadel Investment Group was the largest stakeholder of Tesla, Inc. (NASDAQ:TSLA) which bought about 63.5 million shares of the firm that were valued at $16.6 billion.

Disclosure: None. You can also take a look at 13 Best ESG Stocks To Buy Now and 13 Cheap Energy Stocks To Buy.

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