tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

PRIMECAP Management Co Reduces Stake in Tesla Motors

PRIMECAP Management Co Reduces Stake in Tesla Motors

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

PRIMECAP Management Co, managed by Theofanis Kolokotrones, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund reduced its position by 165,045 shares.

Spark’s Take on TSLA Stock

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

Tesla’s overall stock score reflects strong financial health and strategic advancements in technology and energy. While technical indicators and high valuation present challenges, the company’s robust earnings call and leadership retention efforts provide a positive outlook for future growth.

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

More about Tesla Motors

YTD Price Performance: -10.61%

Average Trading Volume: 105,651,938

Current Market Cap: $1093.5B

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1