Top 5 Stocks to Watch Today

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1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) came into the limelight this morning following reports that the company is trying to cut the cost of batteries in its electric vehicles (EVs) using dry-coating technology.

The technology could reportedly help Tesla, Inc. (NASDAQ:TSLA) in reducing the cost of a Model Y battery by 50 percent. The dry-coating technique is intended for developing bigger cells in the company’s 4680 battery.

However, Tesla, Inc. (NASDAQ:TSLA) would reportedly need some time to scale up the battery production using this technique. Battery is one of the most expensive components used in an electric vehicle. Industry experts believe Tesla, Inc. (NASDAQ:TSLA) could significantly improve its profit margins if it succeeds in decreasing battery costs.

You can also take a peek at 10 Social Media Stocks Getting Hammered and 10 Best Cyclical Stocks for Inflation.

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