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Despite Tesla's earnings miss, institutional investors increased their stakes in the company, valuing it at around $1.06 trillion.
Several institutional investors increased their holdings in Tesla during the first quarter of 2021, despite the company's stock underperforming analyst expectations.
Tesla's earnings per share (EPS) was $0.27, missing the expected $0.53, and revenue was $19.34 billion, below the forecasted $22.93 billion.
The company's market capitalization is around $1.06 trillion.
Despite the earnings miss, institutional investors continue to invest in Tesla, with some significantly increasing their shareholdings.
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A pesar de la pérdida de ganancias de Tesla, los inversores institucionales aumentaron sus participaciones en la compañía, valuándola en alrededor de $1.06 billones.