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Maverick Capital ltd, managed by Lee Ainslie, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund reduced its position by 87,654 shares.
Recent Updates on Tesla Motors stock
Recent developments in Tesla Motors (TSLA) reflect a mix of achievements and challenges. Despite missing Q4 earnings expectations with a significant decline in automotive margins, Tesla’s shares rose due to optimism about future growth plans, including advancements in Full Self Driving technology, new vehicle models, and robust energy storage deployments. The company achieved record vehicle deliveries, with the Model Y becoming the best-selling vehicle globally in 2024. However, Tesla faces production hurdles, regulatory concerns, and competition from Chinese EV makers. Analysts have mixed views, with some raising price targets due to Tesla’s ambitious projects, while others express caution. 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
