Mark Cuban Stock Portfolio: Top 10 Stock Picks

6. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders as of Q4: 126

Mark Cuban was known to discuss Tesla, Inc. (NASDAQ:TSLA) in January 2025 when Cuban weighed in on Elon Musk’s growing political influence. Emphasizing Musk’s close alliance with Donald Trump, Cuban questioned whether Musk’s focus on politics could alienate Tesla’s core customer base. Musk has actively participated in Republican strategy meetings and candidate vetting, raising concerns about how his political stance aligns with Tesla’s environmentally conscious consumers. Cuban pointed out the contradiction, noting that many Tesla buyers prioritize sustainability and climate action—values that do not align with Trump’s policies. In an interview, Cuban was asked whether it made sense for Musk to align with a party that downplays climate change, to which he responded that Musk’s influence over Trump could grant him significant policy-shaping power. Cuban suggested that for Musk, the ability to sway the decisions of the most powerful political figure outweighs the potential backlash from Tesla’s customer base, remarking that “being the Puppet Master” might be more valuable to Musk than Tesla, Inc. (NASDAQ:TSLA)’s EV sales.

Tesla’s Q4 2024 earnings report presented a mixed picture, with revenue increasing 2.15% year-over-year to $25.71 billion, while operating profit dropped 23.3% to $1.58 billion, and earnings per share of $0.73 fell short of expectations. Despite a stock rally driven by speculation of policy benefits under President Trump, Tesla, Inc. (NASDAQ:TSLA) faced its first annual decline in vehicle deliveries, totaling 1.8 million units, prompting aggressive discounts in North America and China to boost demand. Meanwhile, Tesla’s energy division provided a bright spot, generating $3.06 billion in revenue—up 113% from the previous year.

However, investor concerns persist, with analysts warning of a possible stock decline in 2025, citing Musk’s divided focus, slowing vehicle sales, and growing competition from China’s BYD. Additionally, JPMorgan maintains a bearish stance on Tesla, Inc. (NASDAQ:TSLA), setting a price target of $135, implying a potential 60% drop in its stock value due to its high market capitalization and lower profitability compared to rivals.