5 Best Tech Stocks To Invest In Right Now.

2. Tesla, Inc. (NASDAQ: TSLA)

The world’s largest electric vehicle maker Tesla, Inc. (NASDAQ: TSLA) is one of the best stocks to invest in according to Philippe Laffont.

After initiating a position in the first quarter this year, the hedge fund has increased its stake in the world’s largest electric vehicle maker by 100% to $1.33 billion. The firm benefitted from a massive Tesla stock price rally of close to 800% this year.

Insider Monkey calculations show hedge funds are bullish on Tesla stock. Here is what Baron Partners Fund stated:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, and energy storage solutions. The stock rose on strong second quarter results, including profitability that beat analyst forecasts and solid growth in existing and new programs across different geographies and vehicles. In addition, Tesla presented a grand vision around its battery research aimed at expanding its competitive advantage and market opportunity. We remain confident that Tesla will leverage its market trend and technology leadership to achieve sustainable long-term growth.”