5 Best Green Stocks To Invest In 2024

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 82

Tesla, Inc. (NASDAQ:TSLA) is a global company that engages in the design, development, manufacturing, leasing, and sale of electric vehicles, as well as energy generation and storage systems. It ranks 2nd on our list of the best clean energy stocks. Elon Musk’s disclosure of a 20.5% stake in Tesla, Inc. (NASDAQ:TSLA) as of December 31, with a reported value of over $120 billion, led to a gain in post-market trading on February 14. This stake surpasses the combined market caps of General Motors and Ford Motor. Musk’s ownership had decreased to around 13% earlier in 2023. He aims for a 25% voting position in Tesla to influence AI-related business decisions, but it’s uncertain how many shares he currently holds or if he plans to exercise options to reach the 20.5% stake.

According to Insider Monkey’s fourth quarter database, 82 hedge funds were long Tesla, Inc. (NASDAQ:TSLA), compared to 81 funds in the earlier quarter. Philippe Laffont’s Coatue Management is a prominent stakeholder of the company, with 4.05 million shares worth $1 billion.

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