8 Most Profitable Lithium Stocks to Invest In

2. Tesla, Inc. (NASDAQ:TSLA)

Last Year’s Net Income: $7.13 billion

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is constantly expanding its energy storage and battery operations, using newly developed lithium refining initiatives to boost its supply chain. The company aims to expand manufacturing capacity while improving energy solutions and self-driving technology.

In Q4 ended December 31, 2024, Tesla, Inc. (NASDAQ:TSLA) reported outstanding success in vehicle deliveries and energy storage deployments. Moreover, the company cut automotive inventory to its lowest level in two years. Additionally, it brought vehicle costs below $35,000. Yet margins fell due to lower average selling prices and preparations for the shift to the new Model Y. Although energy storage did reach record highs thanks to the demand for Megapack and Powerwall products, growth of at least 50% is expected in 2025.

Furthermore, Tesla, Inc. (NASDAQ:TSLA) has marked a key step in securing battery materials through its $1 billion lithium refining plant in Texas. The facility has begun processing raw materials and should start lithium hydroxide production in 2025. At full capacity, it will support 50 GWh of yearly battery production, enough for about 500,000 cars. This move reduces dependence on foreign suppliers due to domestically sourced materials, simultaneously giving Tesla better control over production costs.

With its record deliveries, battery advances, and focus on autonomous driving, Tesla, Inc. (NASDAQ:TSLA) is strengthening its position in the EV and energy markets. Investments in lithium refining and AI-driven transportation should drive growth and efficiency, making Tesla one of the top profitable lithium stocks.