5 Best EV Stocks To Buy Now

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1. General Motors Company (NYSE: GM)

Number of Hedge Fund Holders: 70

General Motors is one of the best EV stocks to buy now. The company plans to launch 30 EVs around the world by 2025. The company intends to launch electric versions of Cadillac, GMC, Chevrolet and Buick. Its Chevy Bolt EV is extremely famous in the US.

With a $3.02 billion stake in General Motors, Warren Buffett’s Berkshire Hathaway owns 72.5 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 70 hedge funds held stakes in General Motors as of the end of the fourth quarter, versus 60 funds in the third quarter.

Junto Investments, in their Q4 2020 investor letter, said that they acquired a position in General Motors Company (NYSE: GM), and so far it’s paying off bigtime. Here is what Junto Investments has to say about General Motors Company in their investor letter:

“General Motors was the biggest gainer. We managed to buy it at a screamingly cheap price in the middle of March. A lot of interesting news has emerged about GM recently, including the new electric product delivery system BrightDrop and GM Cruise’s team-up with Microsoft Azure to commercialize self-driving cars in 2021. GM’s intrinsic value is crystallizing and the company is worth a whole lot more than is still reflected in the market.”

You can also take a peek at Cathie Wood’s Thoughts on the Future, ARK’s Portfolio and Latest Stock Picks and Billionaire Paul Tudor Jones’ Top 10 Stock Picks and Latest Portfolio.

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