Viking Global Investors LP, managed by Andreas Halvorsen, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund increased its position by 436,272 shares.
Recent Updates on Tesla Motors stock
Recent developments in Tesla Motors (TSLA) stock indicate a mixture of growth potential and financial challenges. Despite missing Q4 earnings expectations with notable declines in automotive margins, Tesla’s shares have risen due to optimism about future projects such as new vehicle models and advancements in Full Self Driving technology. The company has reported record vehicle deliveries and energy storage deployments, though it faces production challenges, regulatory issues, and increasing competition from Chinese EV makers. Analysts hold mixed views, with some raising price targets while others remain cautious. Year-to-date, Tesla’s stock performance is down by 13.39%, and the company continues to focus on growth in autonomy and energy storage, with a current market cap of approximately $1128.1 billion.
More about Tesla Motors
YTD Price Performance: -6.18%
Average Trading Volume: 81,870,774
Current Market Cap: $1144.9B