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Northeast Investment Management cut Tesla holdings, reflecting poor Q earnings and a "Hold" rating.
Northeast Investment Management reduced its Tesla holdings by 2.8%, selling 643 shares to a total of 22,540, worth $5.84 million.
Tesla reported $0.27 EPS for the quarter, missing the consensus estimate of $0.53, and revenue of $19.34 billion, falling short of the expected $22.93 billion.
The stock is currently rated "Hold" with a price target of $293.67.
Recent insider sales and institutional changes reflect varied investor sentiment.
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Northeast Investment Management recortó las tenencias de Tesla, lo que refleja las pobres ganancias de Q y una calificación "Hold".