13 Best High Volume Stocks to Buy Now

4. Tesla Inc. (NASDAQ:TSLA)

Average Volume (3-Month): 121.40 million

Number of Hedge Fund Holders: 126

Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs and energy generation and storage systems in the US, China, and internationally. The company also sells automotive regulatory credits & non-warranty after-sales vehicle, used vehicles, body shop & parts, supercharging, retail merchandise, and vehicle insurance services.

On May 6, Morgan Stanley analyst Adam Jonas maintained his Buy rating on Tesla and set a price target of $410. In its Q1 2025 quarter, Tesla’s revenue declined by 9.23% year-over-year, although the revenue still totaled $19.34 billion. Elon Musk particularly emphasized Tesla’s advantage in using a generalized AI solution with cameras and its in-house designed AI chip, which he contrasted with the more expensive sensor-based approach of competitors like Waymo.

Musk also stated that the company is now focused on bringing robotaxis to Austin in June, with unsupervised autonomy initially being solved for the Model Y in Austin. He expects to expand this capability to many other US cities by the end of 2025. While the exact ramp-up speed cannot be anticipated, Musk believes that millions of Tesla Inc. (NASDAQ:TSLA) vehicles will be operating autonomously in H2 2026.

JDP Capital Management initiated a new core position in the company and stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter:

“Tesla, Inc. (NASDAQ:TSLA) is new core position that I wrote about in 2024 Half Year Letter. The stock was up 115% in 2024. We benefited from the June 2024 timing of our purchase, buying after the stock had declined about 30% in the first part of the year.

We repurchased TSLA at a time when the market had [again] become overly bearish based on slowing vehicle orders despite the company having just achieved a breakthrough in Full Self Driving (FSD v12). If you haven’t had a chance to experience the most recent Full Self Driving software (FSD 13.3) I suggest you try it for yourself. If you’ve had a Tesla for a while, you know that the trajectory of FSD improvement has been nothing less than astounding.

It has become clearer to me that Tesla’s leadership position in the infrastructure layer underpinning mega-trends in robotics, smart vehicles and battery storage will unlock earnings growth that we can ride for years. Similar to AWS or the iPhone, Full-Self-Driving and Optimus will enable new business models to be built across a wide range of industries over time…” (Click here to read the full text)