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Two major investors boosted their stakes in Tesla despite its lower-than-expected earnings.
Two major institutional investors, Private Portfolio Partners LLC and Meeder Advisory Services Inc., have increased their stakes in Tesla, Inc. by 11.3% and 15.5%, respectively, according to their recent SEC filings.
Tesla, which produces electric vehicles and energy storage systems, saw its stock price fluctuate but ended the quarter with holdings worth $833,000 and $18.56 million for these investors.
Despite reporting lower-than-expected earnings of $0.66 per share, analysts predict Tesla will post 2.56 EPS for the year.
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Dos inversores importantes impulsaron sus participaciones en Tesla a pesar de sus ganancias inferiores a las esperadas.