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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
Recent developments in Tesla Motors (TSLA) stock reveal a complex scenario with both growth prospects and financial challenges. Despite missing Q4 earnings expectations and experiencing significant declines in automotive margins, Tesla’s shares rose due to optimism about future projects, including advancements in Full Self Driving technology, new vehicle models, and robust energy storage deployments. The Model Y achieved the milestone of becoming the best-selling vehicle globally in 2024. However, Tesla continues to face production challenges, regulatory concerns, and stiff competition from Chinese EV manufacturers. Analysts have mixed opinions, with some raising price targets due to the company’s ambitious plans, while others remain cautious. Year-to-date, Tesla’s stock 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: $1144.6B
