5 Best Autonomous Vehicle ETFs and Stocks to Invest In

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) is a manufacturer of AVs and EVs, based in Austin, Texas. The company operates through its Automotive and Energy Generation and Storage segments.

Alexander Potter at Piper Sandler kept his Overweight rating on Tesla, Inc. (NASDAQ:TSLA) shares on September 1. The analyst also raised his price target on the stock from $344 to $360.

By the end of this August, battery EV sales were up by 75% on a year-to-date basis. Tesla, Inc. (NASDAQ:TSLA) was the global market leader in these sales, with over 616,000 units sold through July for a 16% market share.

Our hedge fund data shows 72 hedge funds holding stakes in Tesla, Inc. (NASDAQ:TSLA) in the second quarter. Their total stake value was $7.2 billion.