5 Best Battery Technology Stocks to Buy Now

Page 5 of 5

1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 137

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 Best Battery Technology Stocks to Buy Now.

On April 28, 2026, Reuters reported that the U.S. National Highway Traffic ​Safety Administration (NHTSA) had closed a probe into approximately 120,000 2023 Tesla Model Y vehicles without requiring a recall. Back in 2023, there were reports of steering wheels detaching due to missing retaining bolts in two vehicles, which initiated an investigation into the matter. Tesla confirmed the cars were delivered without the bolts following end-of-line repairs at its Texas and California plants. The regulator concluded that since both failures occurred within the first 400 miles, if there were any other affected vehicles, they would have surfaced already. Though this is a win for Tesla, Inc. (NASDAQ:TSLA), the NHTSA added that it may take future action if new safety defects emerge.

Previously, on April 23, 2026, Needham reiterated its hold rating on Tesla, Inc. (NASDAQ:TSLA) following the company’s first-quarter results. The firm’s analyst cited Tesla’s AI progress and vertical integration but warned that margin outperformance and high capex may face durability challenges.

Founded in 2003, Tesla, Inc. (NASDAQ:TSLA) is a developer, manufacturer, designer, lessor, and seller of electric vehicles and energy generation and storage systems. The Texas-based company operates through the Automotive and Energy Generation and Storage segments.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 New Contenders for S&P 500 Index and Harvard University Stock Portfolio: Top 10 Stock Picks

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email below.

Page 5 of 5