Brad Gerstner Portfolio: Top 7 New Stock Picks

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1. Tesla, Inc. (NASDAQ:TSLA)

Altimeter Capital’s Stake Value: $173,303,712

Number of Hedge Fund Holders: 99

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company specializing in producing electric cars and solar-integrated renewable energy solutions. The company is one of the largest EV manufacturers in the United States and is a new addition to Brad Gerstner’s portfolio.

In the third quarter of 2024, Tesla, Inc. (NASDAQ:TSLA) logged revenue worth $20.02 in automotive revenues. Previously, Tesla, Inc. (NASDAQ:TSLA) launched a new lineup of electric vehicles to boost the launch of new models. Its latest lineup and extensive production line will deliver over 3 million cars of capacity at full optimization.

Tesla, Inc. (NASDAQ:TSLA) is one of Brad’s favorite stocks, and he attributes his likeliness to the level of innovation the stock exhibits. He also believes that “2025 will be Tesla’s ChatGPT year.” He previously appeared on CNBC in May where he emphasized Tesla’s groundbreaking technology and how it is highly challenging to replicate. More recently, on November 21, he again joined CNBC emphasizing that the year 2025 will be the year for Tesla’s Robotaxi. He also added that with the new administration in play, the optics for Uber are going to be extremely tough, and quite the opposite will be the case for Tesla.

Overall, Gerstner is extremely bullish on Tesla because of its disruptive technology. 99 hedge funds were bullish on the stock at the end of Q3 2024, according to Insider Monkey’s database.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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