Key Points New Street Research has raised its price target for Tesla from $465.00 to $520.00, which suggests a potential upside of 19.89% from the stock's previous closing price. Tesla reported $0.50 earnings per share for the last quarter, exceeding analysts' expectations of $0.48, along with a revenue of $28.10 billion. Insiders have sold a total of 202,606 shares of Tesla stock valued at approximately $75.6 million over the last three months, indicating significant insider selling activity. Tesla’s Earnings Review: Does the Juice Justify the Squeeze? In other Tesla 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 transaction, the senior vice president owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $918,302.28. Following 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 worth $75,588,902 over the last three months. 19.90% of the stock is currently owned by company insiders. Hedge Funds Weigh In On Tesla A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSLA. Norges Bank bought a new position in Tesla during the second quarter worth about $11,839,824,000. Goldman Sachs Group Inc. boosted its holdings in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after buying an additional 20,291,139 shares during the last quarter. Nuveen LLC bought a new position in Tesla during the first quarter worth about $3,247,619,000. Kingstone Capital Partners Texas LLC lifted its holdings in shares of Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after purchasing an additional 6,435,598 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares in the last quarter. Institutional investors own 66.20% of the company's stock. Tesla Company Profile