Key Points Phoenix Financial Ltd. increased its stake in Tesla, Inc. by 14.5%, acquiring an additional 8,632 shares in the second quarter, bringing its total holdings to 68,090 shares valued at approximately $21.7 million. Major institutional investors have also significantly increased their positions in Tesla, with Goldman Sachs raising their stake by 322.1% and valuing their holdings at nearly $6.9 billion. Analysts have varied opinions on Tesla's stock performance; while some raised their price targets, others continue to advise caution, resulting in a consensus rating of "Hold" and an average price target of $363.54. Lithium Americas: Why This 31% Rally Is More Than Just a Headline Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The firm's quarterly revenue was down 11.8% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity In related news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company's stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company's stock. About Tesla