In this article, we discuss 5 best Robinhood stocks to buy right now. If you want to read our detailed analysis of these stocks, go directly to 10 Best Robinhood Stocks To Buy Right Now.
5. Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders: 60
Tesla, Inc. (NASDAQ:TSLA) markets electric vehicles and clean energy products. It is one of the favorite EV stocks on Wall Street. At the end of the third quarter of 2021, 60 hedge funds in the database of Insider Monkey held stakes worth $10 billion in Tesla, Inc. (NASDAQ:TSLA), the same as in the previous quarter worth $9 billion.
Tesla, Inc. (NASDAQ:TSLA) stock has fallen in recent weeks amid a broader lull around growth equities. However, the fundamentals of the company remain strong. It delivered close to 1 million EVs in 2021 and remains way ahead of competitors in the fast-growing EV space globally.
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.”