Image from MarketBeat Media, LLC. Key Points Wellington Capital Management opened a new position in Tesla in Q2, buying 1,195 shares worth about $379,000. Institutional investors own roughly 66.20% of Tesla, while insiders have sold 119,457 shares (~$52.1M) in the past three months, including Kimbal Musk's 56,820‑share sale. Wall Street's consensus is a "Hold" with an average price target of $399.33, below the recent trading level (~$459) and amid a high P/E (~306). Market Momentum: 3 Stocks Poised for Major Breakouts Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. The business's revenue for the quarter was up 11.6% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Transactions at Tesla In other Tesla news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares of the company's stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 119,457 shares of company stock worth $52,137,945 over the last three months. 19.90% of the stock is currently owned by company insiders. About Tesla