4 Best Stocks to Buy According to Billionaire Nicholas J. Pritzker’s Tao Capital

In this article, we discuss 4 best stocks to buy according to billionaire Nicholas J. Pritzker. If you want to read our detailed analysis of Nicholas J. Pritzker’s history and hedge fund performance, go directly to 8 Best Stocks to Buy According to Billionaire Nicholas J. Pritzker.

4. Tesla, Inc. (NASDAQ: TSLA)

Pritzker’s Stake Value: $38,406,000
Percentage of Nicholas J. Pritzker’s 13F Portfolio: 11.09%
Number of Hedge Fund Holders: 62

Tesla, Inc. (NASDAQ: TSLA) develops, manufactures, rents, and sells electric automobiles, as well as energy generation and storage solutions. Tesla, Inc. was founded in 2003 and is placed fourth on the list of 10 best stocks to buy according to billionaire Nicholas J. Pritzker. The stock has offered investors more than 140.62% in returns over the course of the past twelve months.

On July 21, BHP Group (NYSE: BHP) inked an agreement to supply Tesla (NASDAQ: TSLA) with nickel from its Nickel West facilities in Western Australia. Nickel is a critical metal used to create electric vehicle batteries.

Tao Capital holds 57,500 shares in Tesla, Inc. (NASDAQ: TSLA), worth over $38 million. This represents 11.09% of their portfolio. The hedge fund’s stake in Tesla stock decreased by 56% in the past few months, the latest data reveals.

Baillie Gifford, in its second-quarter 2021 investor letter, mentioned Tesla, Inc. (NASDAQ: TSLA). Here is what the fund said:

“As many countries enjoy a relaxation of Covid restrictions, Mr Market is focussed on short-term beneficiaries of ‘the pleasure after the plague’. There are

interesting parallels with the Roaring 20s here, but to our minds, they extend beyond post-pandemic hedonism. Much of the new wealth created in the 1920s was patchily distributed and accompanied by a pervasive sense that the older generation had let down younger people. In 1920, John F. Carter, an irate 23-year-old wrote “the older generation had certainly pretty well ruined this world before passing it on to us. We have been forced to live in an atmosphere of ‘tomorrow we die,’ and so, naturally, we drank and were merry.”

In the field of energy meanwhile, Tesla has begun a pioneering shift away from using cobalt within its batteries. Its lithium iron phosphate (LFP) technology (already used in flagship energy storage products) could underpin not just the automotive ambitions but also the ramp up of Tesla’s grid-scale energy storage offering which will be key to accelerating the demise of dirty peaker plants.”