Image from MarketBeat Media, LLC. Key Points Rep. Gilbert Ray Cisneros, Jr. disclosed a purchase of between $1,001 and $15,000 in Tesla (TSLA) shares on October 17th, filed on November 18th from his "150 MAIN STREET TRUST > BANK OF AMERICA" account. Tesla recently beat quarterly estimates (EPS $0.50 vs. $0.48; revenue $28.10B vs. $24.98B) but shares were down ~2.2% to $395.05, with a market cap of $1.31T and a high P/E of 263 — analysts' consensus rating is "Hold" with a $394.31 target. Company insiders sold heavily over the last quarter (202,606 shares worth about $75.6M), while insiders still own 19.9% of stock and institutional investors hold 66.2%. Insider Transactions at Tesla In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company's stock. About Representative Cisneros Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness. About Tesla