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PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund increased its position by 1,162,950 shares.
Recent Updates on Tesla Motors stock
Tesla Motors recently faced mixed financial developments, with Stifel lowering its price target due to ‘mixed’ Q4 results, stemming from pricing headwinds and low favorability ratings. Despite Tesla missing earnings expectations, shares rose as the company maintained growth plans, including the launch of new vehicles in 2025 and advancements in Full Self Driving technology. The company reported record vehicle deliveries and strong energy storage deployment, although challenges remain in production and regulatory domains. Analysts had mixed reactions, with RBC Capital highlighting the potential of Tesla’s ‘moonshots,’ while JPMorgan questioned the rationale behind the stock’s rise given the earnings miss. Tesla maintains its focus on growth in autonomy, AI, and robotics, overshadowing weaker automotive margins and production challenges.
More about Tesla Motors
YTD Price Performance: -13.39%
Average Trading Volume: 83,495,282
Current Market Cap: $1128.1B
