In the fourth quarter of 2024, Attessa Capital LLC became the latest institutional investor to acquire a stake in Tesla, purchasing 2,703 shares worth approximately $1.09 million. This investment reflects ongoing institutional confidence in Tesla, with the company's stock being a relatively small but significant part of Attessa Capital's portfolio. Other institutional investors have also increased their stakes, despite concerns that Musk's political comments could impact Tesla's sales. Overall, while public opinion may diverge regarding Musk's views, institutional interest in Tesla appears steady, with analysts rating it as a 'Hold' and setting a target price of $326.50.
Tesla's resilience amid Elon Musk's political controversies is evident as institutional investors like Attessa Capital continue to invest, suggesting confidence in the brand's stability.
Despite Elon Musk's polarizing political opinions affecting public perception, institutional investors are still increasing their stakes in Tesla, indicating strong underlying confidence in the company's future.
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