Growth Stock Portfolio: 5 Companies with At Least 30% Annual Growth Rates

2. Tesla, Inc. (NASDAQ:TSLA)

5-Year Annual Sales Growth: 41.21%

Number of Hedge Fund Holders: 81

Tesla, Inc. (NASDAQ:TSLA), headquartered in Austin, Texas, is a leading American multinational company specializing in electric vehicles and sustainable energy solutions. Renowned for its innovative electric car designs and manufacturing, Tesla also provides stationary battery energy storage solutions for both residential and grid-scale applications. The company offers a range of products and services, including solar panels, solar shingles, and related sustainable energy solutions.

In the third quarter of 2023, Tesla, Inc. (NASDAQ:TSLA) achieved a production milestone by manufacturing 430,488 vehicles and delivering over 435,000 units. The company’s global manufacturing presence includes six facilities, including its original plant in California and gigafactories in Nevada, New York, Shanghai, Texas, and Berlin.

Insider Monkey’s data for the third quarter reflects positive sentiment from 81 hedge funds towards Tesla (NASDAQ:TSLA), marking an increase from the 79 funds in the previous quarter. Catherine Wood emerged as a significant shareholder during the quarter, holding a stake valued at $1.02 billion.