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Tesla's shares rose as institutional investors increased their stakes, despite missing earnings targets.
Tesla saw a 6.1% increase in shares held by Leavell Investment Management Inc., reflecting a broader trend of institutional investors boosting their stakes.
Despite a quarterly EPS of $0.66, falling short of the $0.74 consensus, analysts predict 2.54 EPS for the year.
Insiders have sold 523,386 shares worth $195 million.
Analysts have a "Hold" consensus with a $326.50 target price, while institutional investors and hedge funds own 66.20% of Tesla's stock.
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Las acciones de Tesla aumentaron a medida que los inversores institucionales incrementaron sus participaciones, a pesar de perder objetivos de ganancias.