Reddit Stock Portfolio: 5 Most Popular Stocks To Consider

In this article, we discuss the 5 most popular Reddit stocks to consider. If you want to read our comprehensive analysis about these famous stocks, go directly to Reddit Stock Portfolio: 10 Most Popular Stocks To Consider. 

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 60

Tesla, Inc. (NASDAQ:TSLA) remained the winner in the electric vehicle sector as the company managed to generate an annual run rate of 1 million cars in recent weeks. Recently, Wedbush raised its price target on Tesla, Inc. (NASDAQ:TSLA) to $1,100 with an Outperform rating on the shares.

Overall, 60 hedge funds tracked by Insider Monkey reported having positions in Tesla, Inc. (NASDAQ:TSLA), compared with 62 in the previous quarter. The total worth of these stakes is $9.2 billion.

Tesla, Inc. (NASDAQ:TSLA) announced its Q3 2021 results on October 20. The company posted an EPS of $1.86, beating the estimates by $0.25. The company reported the production of over 238,000 vehicles and delivered 241,300 units during the quarter, beating the estimates of 233,000 vehicles.

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…”