5 Best Green Stocks To Invest In

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Tesla, Inc. (NASDAQ:TSLA), a leading American manufacturer of EVs, has always been a very committed supporter of green energy as the company’s batteries utilize stored and consumed solar energy. Moreover, the company also sells solar panels through Tesla Energy.

Of the 873 elite funds tracked by Insider Monkey, 60 hedge funds had stakes in Tesla, Inc. (NASDAQ:TSLA) at the end of Q2, compared with 62 in the previous quarter. The total value of these stakes is over $9.2 billion. Cathie Wood’s ARK Investment Management was one of the leading shareholders of Tesla, Inc. (NASDAQ:TSLA) in Q2, owning shares worth $3.6 billion

Worm Capital LLC mentioned Tesla, Inc. (NASDAQ:TSLA) in its Q3 2021 investor letter. Here is what the firm has to say:

“Our core portfolio as of this writing—TSLA, SPOT, SHOP, ABNB, and AMZN—are all premier examples of companies that use the concept of aggregation of marginal gains to continuously improve their value proposition for customers. After all, what is innovation if not just a continuous search for fractional advantages in business?

The way we see it, Tesla is perhaps the generational example of the marginal gain aggregation theory. It’s also been our largest position for several years now. There are many ways to characterize and value this business (see previous letters for longform write-ups), but perhaps the best way to think about the company is that it is a highly vertically-integrated software and hardware firm that’s devoted entirely to aggregating marginal gains across its organization. The goal? Lower costs, improve thruputs, and dramatically enhance the value proposition—at scale—for consumers…”