Is investing in Tesla (TSLA) a smart decision?
Is investing in Tesla (TSLA) a smart decision?
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Asset manager Grantham Mayo Van Otterloo & Co. LLC has released its first quarter 2021 investor letter – a copy of which can be downloaded here. In its first-quarter letter, the fund noted that risks are always present in the commodities sector and believes investors are likely to be rewarded with a compelling portfolio of strong yields, inflation protection and diversification. Try spending some time looking at the fund’s top 5 stocks to see their top picks for 2022.

GMO LLC named Tesla Inc (NASDAQ: TSLA) in its first-quarter 2022 letter to investors and shared its insights on the company. Founded in 2003, Tesla Inc. (NASDAQ: TSLA) is an Austin, Texas-based automotive and energy company with a market capitalization of $721.7 billion. Tesla Inc (NASDAQ: TSLA) has returned -34.07% year-to-date, while its 12-month return is up 14.23%. The stock closed at $696.69 per share on June 10, 2022.

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Our calculations show that Tesla Inc (NASDAQ: TSLA) failed to make our list of the top 30 most popular hedge fund stocks. Tesla Inc (NASDAQ: TSLA) participated in 80 hedge fund portfolios at the end of the first quarter of 2022, compared to 91 in the previous quarter. Tesla Inc (NASDAQ: TSLA) has returned -12.40% over the past 3 months.

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In May 2022, we also shared another hedge fund’s view on Tesla Inc (NASDAQ: TSLA) in a separate article. For more investor letters from hedge funds and prominent investors, visit our Q1 2022 Hedge Fund Investor Letters page.

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Jake Smith

Escrito por

Jake Smith

He is the editor of Eragoncred. Previously, he was editor-in-chief of Eragoncred and a financial industry reporter. Jake has spent most of his career as a Digital Media journalist and has over 10 years of experience as a writer and editor.