Key Points China Renaissance has increased Tesla's price target from $349.00 to $380.00 while maintaining a "hold" rating, indicating a potential downside of 14.10% from the stock's prior close. As of the latest reports, Tesla has a mixed analyst rating where 20 analysts rate it as "buy," while 11 analysts give it a "sell," resulting in an average target price of $380.03. Tesla's quarterly earnings surpassed expectations, reporting $0.50 EPS and $28.10 billion in revenue, reflecting an 11.6% year-over-year revenue growth. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total value of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. This trade represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last three months. Corporate insiders own 19.90% of the company's stock. Hedge Funds Weigh In On Tesla Institutional investors have recently made changes to their positions in the business. Siren L.L.C. bought a new position in shares of Tesla in the first quarter worth about $2,332,000. Zuckerman Investment Group LLC increased its stake in shares of Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after purchasing an additional 826 shares during the period. Keystone Global Partners LLC bought a new position in shares of Tesla in the first quarter worth about $594,000. Strs Ohio bought a new position in shares of Tesla in the first quarter worth about $205,495,000. Finally, IFM Investors Pty Ltd increased its stake in shares of Tesla by 8.5% in the first quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock worth $153,436,000 after purchasing an additional 46,087 shares during the period. 66.20% of the stock is currently owned by institutional investors. Tesla Company Profile