Key Points Dale Q Rice Investment Management Ltd reduced its stake in Tesla by 37.1% in the 2nd quarter, now owning 8,119 shares valued at approximately $2.6 million. Institutional investors hold 66.20% of Tesla's stock, with several firms increasing their stakes, including a 15.0% increase by Carmel Capital Partners LLC. Analysts have mixed opinions on Tesla's stock, with a recent average price target of $363.54 and ratings ranging from Strong Buy to Sell. Lithium Americas: Why This 31% Rally Is More Than Just a Headline Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. Research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insider Buying and Selling at Tesla In other news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock valued at $75,588,902 in the last ninety days. Insiders own 19.90% of the company's stock. Tesla Company Profile