5 Best High Risk Stocks to Buy Right Now

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60    

52-Week Range: $392.30-$1,177.97  

Tesla, Inc. (NASDAQ:TSLA) has crossed $1 trillion in market capitalization but remains one of the most volatile stocks on the market. Several prominent figures in the finance world have bearish bets against the firm, like Michael Burry. However, growth investors, like Cathie Wood, have doubled down on the stock in recent months, pushing the valuation of the company closer to the biggest businesses in the world and backing the stock to climb even higher. To its credit, Tesla has posted market beating earnings and vehicle deliveries in the past few months. 

On October 27, investment advisory Piper Sandler maintained an Overweight rating on Tesla, Inc. (NASDAQ:TSLA) stock and raised the price target to $1,300 from $1,200, underlining that the firm could offset margin pressures through strong warranty performance. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Tesla, Inc. (NASDAQ:TSLA) with 23 million shares worth more than $16 billion.  

Here is what Baron Partners Fund has to say about Tesla, Inc. (NASDAQ:TSLA) in its Q1 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock fell during the quarter as a result of general market dynamics and a potential production slowdown due to parts shortages. A refreshed S/X and China Model Y ramp could also have a negative impact on margins in early 2021. We anticipate strong growth and improved margins driven by new production capacity, manufacturing efficiencies, localization of its manufacturing and supply chain, and maturation of Tesla’s full self-driving technology.”