5 Best EV Stocks To Buy in 2024

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1. General Motors Company (NYSE:GM)

Number of Hedge Fund Investors In Q4 2023: 83

General Motors Company (NYSE:GM) is one of the biggest car manufacturers in the world. Amidst a shocking rule upgrade by the U.S. government in January that made its Cadillac Lyriq EV ineligible for a tax credit, General Motors Company (NYSE:GM) announced in February 2024 that the vehicle was once again eligible for the $7,500 incentive.

83 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database were the firm’s shareholders during the period. General Motors Company (NYSE:GM)’s largest stakeholder among these was Natixis Global Asset Management’s Harris Associates as it owned $1.2 billion worth of shares.

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Disclosure: None. You can also take a look at 15 Small-Cap Stocks with High Potential and 12 Best NYSE Penny Stocks To Buy.

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