Billionaire Michael Platt’s Stunning Performance in 2021 and His Top 5 Stock Picks

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60   

Gain in Share Price in 2021: 44%       

Tesla, Inc. (NASDAQ:TSLA) operates an electric vehicle and clean energy firm. At the end of September, BlueCrest Capital Management owned 8.268 shares in Tesla, Inc. (NASDAQ:TSLA) worth more than $6.4 million, representing 0.17% of the portfolio. Tesla, Inc. (NASDAQ:TSLA) has intermittently featured in the portfolio of Platt since the second quarter of 2016. 

Even as inflation rises and Tesla, Inc. (NASDAQ:TSLA) stock becomes more volatile, institutional investors continue to back the company for the long-term. At the end of the third quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $10 billion in Tesla, Inc. (NASDAQ:TSLA), the same as in the previous quarter worth $9 billion. 

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. Tesla, Inc. (NASDAQ:TSLA) stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”