5 Best Global Luxury Stocks to Buy

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 79

Dollar Value of Hedge Fund Holdings: $6,517,644,300

Tesla, Inc. (NASDAQ:TSLA) is an Austin, Texas-based luxury car brand founded by Elon Musk. Some of the luxury vehicle variants offered by Tesla, Inc. (NASDAQ:TSLA) are the Tesla Model S and Tesla Model X.

Earning recognition from Kelley Blue Book (KBB), the California-based vehicle valuation and automotive research corporation, Tesla, Inc. (NASDAQ:TSLA) secured the title of the best overall luxury brand in April 2023. On a global scale, Tesla, Inc. (NASDAQ:TSLA) is the leading seller of electric vehicles (EVs). The company delivered 1.3 million EVs in 2022, reflecting a YoY growth of 40%.

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