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Morningstar Investment Management LLC, managed by Sara Kasun-Fretz, recently executed a significant transaction involving Tesla, Inc. ((TSLA)). The hedge fund increased its position by 23,049 shares.
Spark’s Take on TSLA Stock
According to Spark, TipRanks’ AI Analyst, TSLA is a Outperform.
Tesla’s strong financial performance and technical indicators are the primary drivers of its stock score. The company’s robust earnings call further supports its growth potential, despite valuation concerns due to a high P/E ratio. The absence of a dividend yield also impacts the valuation score.
To see Spark’s full report on TSLA stock, click here.
More about Tesla, Inc.
YTD Price Performance: 7.81%
Average Trading Volume: 88,704,459
Current Market Cap: $1344.8B