Image from MarketBeat Media, LLC. Key Points Sumitomo Life Insurance Co. reduced its stake in Tesla, Inc. by 41.3%, selling 16,567 shares and leaving them with 23,577 shares valued at approximately $7.49 million. Several institutional investors have increased or established new positions in Tesla, with 66.20% of the stock now owned by such investors and hedge funds. Tesla recently reported earnings of $0.50 per share for the last quarter, exceeding analysts' expectations, with revenue reaching $28.10 billion, a notable year-over-year increase. MarketBeat Week in Review – 10/20 - 10/24 Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business earned $0.72 EPS. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity at Tesla In related news, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company's stock, valued at $244,162,988.99. This trade represents a 14.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on 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 directly owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 in the last quarter. 19.90% of the stock is owned by insiders. Tesla Company Profile