12 Best Big Tech Stocks to Invest In Now

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10. Tesla Inc. (NASDAQ:TSLA)

Market Capitalization as of October 17: $1.46 trillion

Number of Hedge Fund Holders: 115

Tesla Inc. (NASDAQ:TSLA) is one of the best big tech stocks to invest in now. On October 13, the company’s Vice President, Tao Lin, announced on Weibo that Tesla’s Shanghai Gigafactory had begun ramping up production for Q4. The increase in output at the facility follows an improvement in China-made vehicle sales for the automaker.

Deliveries of locally built cars in September rose by 2.8% from the previous year, which ended a two-month sales decline in the Chinese market. This modest rebound in sales is partly attributed to the commencement of deliveries for Tesla’s new six-seater vehicle in China, which has helped to boost showroom traffic and overall domestic demand.

The Shanghai plant is crucial for the company, supplying both buyers in China and export markets across regions like Asia and Europe. The production ramp-up is a strategic move as Tesla seeks to stabilize its global output and enhance its margins, following a period of uneven sales performance in several key markets.

Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation & storage systems in the United States, China, and internationally.

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