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Altimeter Capital Management, LLC, managed by Brad Gerstner, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund increased its position by 307,270 shares.
Recent Updates on Tesla Motors stock
Recent developments in Tesla Motors (TSLA) stock show a mix of challenges and optimism. Despite missing Q4 earnings expectations and experiencing a notable decline in automotive margins, Tesla’s shares rose due to positive sentiment about future growth initiatives. These include advancements in Full Self Driving technology, new vehicle models, and significant energy storage deployments. The company reported record vehicle deliveries, with the Model Y becoming a global best-seller in 2024. However, Tesla faces hurdles such as production issues, regulatory concerns, and competition from Chinese EV makers. Analysts have mixed opinions, varying from cautiousness to increased price targets due to Tesla’s ambitious projects. The stock’s year-to-date price performance has decreased by 13.39%, 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
