Top 5 Stocks That Members of Congress Own

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 123

Tesla, Inc. (NASDAQ:TSLA) received a notable vote of confidence from analysts on June 5 when Erste Group upgraded the stock to Hold from Sell. While the firm acknowledged that Tesla’s valuation remains elevated, it also stated that sales and profits are expected to increase this year, supported by the introduction of new products and improving operational performance. According to the analyst, recent sales trends have strengthened and operating margins have improved, suggesting that Tesla’s underlying business fundamentals are moving in a favorable direction despite ongoing concerns about valuation.

The same day, JPMorgan upgraded Tesla, Inc. (NASDAQ:TSLA) to Neutral from Underweight and dramatically increased its price target to $475 from $145. The firm described Tesla as being at the forefront of physical artificial intelligence and highlighted the company’s unique advantages, including its industrial-scale manufacturing footprint, vertical integration across hardware and software, and rapid pace of technological development. JPMorgan believes these strengths are not fully reflected in the current share price and projects a significant earnings inflection beginning in 2028, with annual growth potentially exceeding 50% through 2030 and beyond as emerging business segments mature.

Tesla, Inc. (NASDAQ:TSLA) is a leading automotive and clean-energy technology company headquartered in Austin, Texas, and was founded in 2003. The company designs, manufactures, and sells electric vehicles, battery energy storage systems, solar energy products, and related software solutions.