5 Best EV Stocks To Buy For 2023

2. General Motors Company (NYSE:GM)

Number of Hedge Fund Investors in Q4 2022: 80

General Motors Company (NYSE:GM) is another iconic American car manufacturer. The firm is based in Detroit, Michigan.

Like Ford, General Motors Company (NYSE:GM) is also establishing a strong footing in the electric vehicle space, as it sold 39,096 electric vehicles in 2022 for a strong 57% annual growth. By the end of last year’s final quarter, 80 of the 943 hedge funds part of Insider Monkey’s research had invested in the company.

Warren Buffett’s Berkshire Hathaway is General Motors Company (NYSE:GM)’s largest hedge fund shareholder with a $1.6 billion stake that comes via 50 million shares.

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