These 5 Stocks are Gaining Today

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) shares rebounded on Tuesday morning, gaining more than five percent. The surge came after a couple of funds, backed by Cathie Wood’s ARK Investment Management, purchased more than 132,000 shares in Tesla.

Cathie Wood apparently took advantage of a steep drop in Tesla, Inc. (NASDAQ:TSLA) shares in the previous trading session. Tesla stock fell to a nearly three-month low on Monday after its Q3 vehicle deliveries missed expectations due to logistic challenges.

Tesla, Inc. (NASDAQ:TSLA) delivered 365,923 vehicles in the third quarter, below the consensus of 358,000. Moving forward, the EV giant needs to deliver over 450,000 units in the current quarter to achieve its annual growth target of 50 percent.