Image from MarketBeat Media, LLC. Key Points Rede Wealth LLC reduced its Tesla holdings by 36.6%, selling 616 shares and now owns 1,067 shares valued at $339,000, according to their 13F filing. Many institutional investors, including Alaska Wealth Advisors and First Merchants Corp, have recently increased their stakes in Tesla, contributing to 66.20% of the company's stock being owned by institutional investors. Tesla reported a better-than-expected quarterly earnings of $0.50 EPS, beating the consensus estimate of $0.48, with revenues reaching $28.1 billion for the quarter. Tesla Stock: The Bulls Are Winning…For Now 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 the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion for 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%. Tesla's revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insider Activity at Tesla In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of Tesla stock in a transaction 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 transaction, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 over the last ninety days. 19.90% of the stock is owned by company insiders. Analyst Ratings Changes