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PRIMECAP Management Co cuts Tesla stake by 191,900 shares

PRIMECAP Management Co cuts Tesla stake by 191,900 shares

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PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Tesla, Inc. ((TSLA)). The hedge fund reduced its position by 191,900 shares.

Spark’s Take on TSLA Stock

According to Spark, TipRanks’ AI Analyst, TSLA is a Neutral.

The score is driven primarily by solid underlying financial capacity (strong balance sheet and ongoing cash generation) tempered by materially compressed profitability and weaker cash conversion. A very high P/E meaningfully drags the rating, while technicals are mixed and the latest call reinforces strong long-term initiatives but higher near-term cash flow pressure from heavy CapEx and production constraints.

To see Spark’s full report on TSLA stock, click here.

More about Tesla, Inc.

YTD Price Performance: -1.05%

Average Trading Volume: 62,597,914

Current Market Cap: $1608.8B

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