Why These 5 Stocks Trended This Week

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In this article, we discuss 5 trending stocks this week. If you want to check out some more companies trending this week, go directly to Why These 10 Stocks Trended This Week.

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Tesla, Inc. (NASDAQ:TSLA) fell 3.6% this week, slightly worse than the NASDAQ’s decline of 3%. Despite the industry headwinds, Reuters reported that Tesla, Inc. (NASDAQ:TSLA) is planning a ‘sharply higher’ production rate for Model Y and Model 3 electric vehicles in Q4 and 2023. Given large Tesla, Inc. (NASDAQ:TSLA)’s market cap, however, the market may have already priced in the expected growth.

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