Image from MarketBeat Media, LLC. Carmel Capital Partners LLC cut its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,355 shares of the electric vehicle producer's stock after selling 1,749 shares during the quarter. Tesla comprises about 1.9% of Carmel Capital Partners LLC's portfolio, making the stock its 8th biggest holding. Carmel Capital Partners LLC's holdings in Tesla were worth $4,605,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla’s Robotaxi Goes Unsupervised: Is the Rally Justified? Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity In other news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company's stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the sale, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 119,457 shares of company stock worth $53,501,145. Insiders own 19.90% of the company's stock. Key Headlines Impacting Tesla