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

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

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!