Image from MarketBeat Media, LLC. Key Points Jessup Wealth Management Inc has increased its position in Tesla, Inc. by 6.6% during the 2nd quarter, now holding 24,944 shares valued at approximately $7.9 million. Several institutional investors, including Vanguard and Goldman Sachs, have significantly increased their stakes in Tesla, contributing to 66.20% of the company's stock being held by such investors. Tesla reported a $0.50 EPS for the quarter, surpassing estimates, and generated $28.1 billion in revenue, an increase of 11.6% year-over-year. Tesla Stock: The Bulls Are Winning…For Now Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter last year, the company earned $0.72 EPS. The firm's revenue was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year. Insider Buying and Selling In other news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction dated 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 in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction that occurred on 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 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 disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company's stock. Analysts Set New Price Targets