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Atreides Management, LP, managed by Gavin Baker, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund increased its position by 260,380 shares.
Recent Updates on Tesla Motors stock
Recent developments in Tesla Motors (TSLA) stock depict a blend of achievements and challenges. Despite missing Q4 earnings expectations and reporting the lowest automotive margins in years, Tesla’s share price rose due to optimism about future growth initiatives, including unsupervised Full Self Driving by 2025, new vehicle models, and robust energy storage deployments. The Model Y achieved the status of the best-selling vehicle globally in 2024. However, Tesla faces significant production challenges, regulatory issues, and competition from Chinese EV makers. Analysts have varied opinions, with some increasing their price targets based on Tesla’s ambitious plans, while others remain cautious. The stock’s year-to-date price performance is down by 13.39%, with a current market cap of $1128.1 billion.
More about Tesla Motors
YTD Price Performance: -6.18%
Average Trading Volume: 81,870,774
Current Market Cap: $1144.9B
