5 Best EV Stocks To Buy For 2023

4. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Investors in Q4 2022: 29

Rivian Automotive, Inc. (NASDAQ:RIVN) is an American firm headquartered in Irvine, California. The firm makes electric pickup trucks and SUVs.

Rivian Automotive, Inc. (NASDAQ:RIVN) worried investors in March 2023 when it reduced its production estimates and announced that it will raise $1.2 billion through bond sales to fund its operations. By the end of last year’s fourth quarter, 29 of the 943 hedge funds polled by Insider Monkey had held a stake in the company.

Out of these, George Soros’ Soros Fund Management is Rivian Automotive, Inc. (NASDAQ:RIVN)’s largest shareholder with a $264 million stake that comes via 14.3 million shares.

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