5 Best Manufacturing Stocks to Invest In

1. Tesla Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. Tesla Inc. (NASDAQ:TSLA) was founded in 2003 and is headquartered in Palo Alto, California.

ARK Investment Management is the largest shareholder in Tesla Inc.’s (NASDAQ:TSLA) stock. As of September 30th, the fund is in possession of over 3.95 million shares of Tesla Inc. (NASDAQ:TSLA), which brings its total stake to $3.06 billion.

On 8th November, Jefferies analyst Philippe Houchois raised his price target on Tesla Inc. (NASDAQ:TSLA) to $1,400 from $950 and reiterated a Buy rating on the shares.

By the end of the third quarter of 2021, 60 hedge funds in Insider Monkey’s database held stakes in Tesla Inc. (NASDAQ:TSLA), worth $10.64 billion. This is compared to 60 hedge funds in the first quarter, which had total stakes worth $9.29 billion in the company.

Here’s what Worm Capital LLC, had to say about Tesla Inc. (NASDAQ:TSLA) in their third-quarter 2021 investor letter:

“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?

The way we see it, Tesla is perhaps the generational example of the marginal gain aggregation theory. It’s also been our largest position for several years now. There are many ways to characterize and value this business (see previous letters for longform write-ups), but perhaps the best way to think about the company is that it is a highly vertically-integrated software and hardware firm that’s devoted entirely to aggregating marginal gains across its organization. The goal? Lower costs, improve thruputs, and dramatically enhance the value proposition—at scale—for consumers…”

You can also look at 10 Best Stocks Under $10 to Buy Right Now and 11 Best Lithium and Battery Stocks To Buy.

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