Image from MarketBeat Media, LLC. Key Points Deutsche Bank raised its price target on Tesla to $500 (from $470) and kept a "buy" rating, implying about a 2.77% upside from the prior close. Analyst opinion is mixed: the consensus rating is "Hold" with an average target of $404.14, though firms like TD Cowen and RBC have higher targets ($509 and $500) and many analysts still rate TSLA as a Buy. Tesla is trading near its 52-week high (~$486.54) with a $1.62 trillion market cap and a high P/E (~324), and insiders (including Kimbal Musk and CFO Vaibhav Taneja) recently sold shares while insiders collectively own about 19.9%. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal In related news, Director Kimbal Musk sold 56,820 shares of the company's 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 transaction, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the sale, the chief financial officer owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by corporate insiders. Institutional Investors Weigh In On Tesla A number of large investors have recently added to or reduced their stakes in TSLA. Chapman Financial Group LLC bought a new position in Tesla during the second quarter valued at approximately $26,000. Chelsea Counsel Co. raised its position in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 40 shares during the period. LGT Financial Advisors LLC purchased a new stake in shares of Tesla in the 2nd quarter worth about $29,000. Manning & Napier Advisors LLC bought a new stake in shares of Tesla during the 3rd quarter valued at about $29,000. Finally, CoreFirst Bank & Trust bought a new position in Tesla in the second quarter worth about $30,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Tesla Company Profile