5 Best EV Stocks To Buy in 2024

3. Ford Motor Company (NYSE:F)

Number of Hedge Fund Investors In Q4 2023: 40

Ford Motor Company (NYSE:F) is a diversified American car manufacturer that has also managed to gain a foothold in the electric vehicle market. Even as its larger rival Tesla raised EV prices in February 2024 to beef up margins, Ford Motor Company (NYSE:F) announced that it will cut prices by as much as $8,100 in a bid to remain competitive.

By the end of last year’s fourth quarter, 40 out of the 933 hedge funds tracked by Insider Monkey had bought Ford Motor Company (NYSE:F)’s shares. Ken Fisher’s Fisher Asset Management was the largest stakeholder due to its $721 million investment.

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