ARK Investment Management LLC, managed by Cathie Wood, recently executed a significant transaction involving Tesla Motors ((TSLA)). The hedge fund increased its position by 1,301,429 shares.
Recent Updates on Tesla Motors stock
Recent developments in Tesla Motors (TSLA) reveal a mix of achievements and challenges. Despite missing Q4 earnings expectations, Tesla shares rose due to optimism about future projects like unsupervised Full Self Driving and new vehicle models. The company reported record vehicle deliveries and energy storage deployments, although it faces production hurdles and competition, especially from Chinese EV makers. Analysts have mixed views, with some raising price targets while others remain cautious. Tesla’s focus on autonomy and energy storage is seen as key to future growth, despite current financial underperformance. The stock’s year-to-date price performance is down by 13.39%, with a market cap of $1128.1 billion.
More about Tesla Motors
YTD Price Performance: -6.15%
Average Trading Volume: 82,640,158
Current Market Cap: $1144.9B