Image from MarketBeat Media, LLC. Key Points Retirement Systems of Alabama cut its Tesla stake by 5.6% in Q3, selling 44,399 shares and now holds 753,025 shares worth $334,885,000, making TSLA 1.1% of the fund and its 13th-largest holding. Insider selling has been notable: CFO Vaibhav Taneja sold 2,637 shares (~$1.17M) and Director James R. Murdoch sold 60,000 shares (~$26.7M); insiders sold 119,457 shares (~$53.5M) in the last 90 days and now own 19.90% of Tesla. Tesla trades with a market cap of $1.45 trillion and a P/E of 290.13, while analysts' consensus is a "Hold" with an average target price of $410.77 versus a recent open of $435.20. Insiders Place Their Bets In related news, CFO Vaibhav Taneja sold 2,637 shares of the firm's 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 in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company's stock, valued at $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. Insiders have sold 119,457 shares of company stock valued at $53,501,145 in the last ninety days. Insiders own 19.90% of the company's stock. Tesla Company Profile