5 Best Stocks to Buy in 2021 According to Cathie Wood

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1. Tesla, Inc. (NASDAQ: TSLA)

Number of Hedge Fund Holders: 68    

Tesla, Inc. (NASDAQ: TSLA) is a California-based electric car maker and clean energy firm. It was founded in 2003 and is ranked first on our list of 10 best stocks to buy in 2021 according to Cathie Wood. Tesla stock has returned more than 259% to investors over the course of the past twelve months. The hedge fund managed by Wood owns more than 5.5. million shares in the company worth over $3.8 billion. Tesla stock has been falling in recent weeks as supply chain problems and falling EV demand in China hit vehicle delivery numbers. 

On May 20, social media reports indicated that Tesla, Inc. (NASDAQ: TSLA) was planning to hold a delivery event for the Model S Plaid in early June. Tesla owner Elon Musk has said the vehicle is the fastest car ever with a zero to 60 miles per hour time of under two seconds.

Out of 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 24 million shares worth more than $16 billion.

You can also take a peek at Billionaire Izzy Englander’s Top 10 Stock Picks and Billionaire David Abrams’ Top Stock Picks.

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