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Fisher Asset Management LLC, managed by Ken Fisher, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund reduced its position by 4,883 shares.
Recent Updates on Tesla Motors stock
Tesla’s recent developments include a mixed Q4 performance, with a notable decline in automotive margins attributed to lower average selling prices and revenue recognition from Full Self Driving (FSD). Despite missing earnings expectations, Tesla shares rose due to its ambitious plans for future growth, including unsupervised FSD in Austin by June 2025, the launch of new affordable models, and a robust energy storage outlook. Analysts have mixed views; some raised price targets, citing Tesla’s ‘moonshots’ like the Optimus robot and the Robotaxi, while others express concerns over Tesla’s fundamentals diverging from its stock performance. The company aims for significant production and autonomy advancements, expecting growth to resume in 2025 despite current challenges.
More about Tesla Motors
YTD Price Performance: -13.39%
Average Trading Volume: 83,495,282
Current Market Cap: $1128.1B
