Tesla Motors Inc (TSLA): Top Hedge Funds Bullish on the Company

Tesla Motors Inc (NASDAQ:TSLA), with a market cap of more than $32 billion, has seen its share prices increase more than 72% this year and that has been happening for all the good reasons. The company recently announced its second-quarter scorecard that was encouraging, such as the delivery results which exceeded the company’s outlook.

 Tesla Motors Inc (NASDAQ:TSLA)

Investors also love this stock because of its growth plans that not only include a plan for a manufacturing plant in China, but also what Tesla’s CEO Elon Musk has called a “Gigafactory.” Tesla Motors Inc (NASDAQ:TSLA)’s $5 billion battery plant is expected to solve its battery shortage problem and also lower its operating costs.

Tesla Motors Inc (NASDAQ:TSLA)’s ambitious moves and plans better explain why investors, especially hedge funds, feel comfortable sticking with the stock. Talk about hedge funds and you see Andor Capital Management, led by Daniel Benton, holding 1.25 million shares with a reported value of $300.08 million of Tesla Motors as of the end of the second quarter of 2014. The position remained unchanged from the previous quarter. Another hedge fund bullish on Tesla Motors Inc (NASDAQ:TSLA) is Jat Capital Management, run by John Thaler, which owns 948,778 shares, worth $227.76 million, also unchanged over the quarter.

Another shareholder is Patrick Mccormack’s Tiger Consumer Management, which holds 463,789 shares, valued at $111.34 million up from 402,950 shares held earlier. Tiger consumer is followed by Bridger Management, led by Roberto Mignone, which disclosed ownership of 380,000 shares of Tesla Motors Inc (NASDAQ:TSLA) worth $91.22 million in its latest 13F filing, the stake representing 6.42% of its equity portfolio. The position was slightly increased from 300,000 shares held at the end of the first quarter of 2014.

On the fifth spot is Citadel Investment Group, managed by Ken Griffin, with 237,682 shares with a reported value of $57.06 million as of the end of the second quarter. Citadel has increased its exposure to the company by 195,671 shares over the quarter.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!