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Gotham Asset Management LLC, managed by Joel Greenblatt, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund reduced its position by 2,109 shares.
Recent Updates on Tesla Motors stock
Recent developments in Tesla Motors (TSLA) stock reveal a complex scenario of growth prospects mixed with financial challenges. Despite missing Q4 earnings expectations and facing declining automotive margins, Tesla’s shares experienced a rise due to optimism about future projects, including advancements in Full Self Driving technology, new vehicle models, and significant energy storage deployments. The Model Y achieved the milestone of becoming the best-selling vehicle globally in 2024. However, Tesla continues to grapple with 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 given the divergence between financial performance and stock price movements. 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: $1144.9B
