Image from MarketBeat Media, LLC. Key Points Merit Financial Group raised its Tesla stake by 8.9% in Q3 to 83,957 shares, valued at about $37.34 million, while institutional investors collectively own 66.20% of the company. Insider selling has been notable recently: Director James R. Murdoch sold 60,000 shares (~$26.7M) and CFO Vaibhav Taneja sold 2,637 shares, with insiders offloading 119,457 shares (~$53.5M) in the past three months (insiders now own 19.90%). Analyst sentiment is mixed with a consensus "Hold" and $408.09 target; Tesla beat quarterly EPS estimates ($0.50 vs. $0.45) and revenue narrowly, but revenue was down 3.1% year‑over‑year and the stock trades at a high P/E (~386) with a ~$1.57 trillion market cap. Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile Several other hedge funds have also recently added to or reduced their stakes in the company. Chesley Taft & Associates LLC increased its holdings in Tesla by 0.8% in the third quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer's stock valued at $1,387,000 after buying an additional 25 shares during the last quarter. KRS Capital Management LLC increased its holdings in shares of Tesla by 1.2% in the 3rd quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer's stock valued at $905,000 after acquiring an additional 25 shares during the last quarter. DecisionMap Wealth Management LLC lifted its stake in Tesla by 1.0% during the third quarter. DecisionMap Wealth Management LLC now owns 2,533 shares of the electric vehicle producer's stock worth $1,126,000 after purchasing an additional 25 shares during the last quarter. Lakeridge Wealth Management LLC boosted its holdings in Tesla by 1.0% in the third quarter. Lakeridge Wealth Management LLC now owns 2,585 shares of the electric vehicle producer's stock valued at $1,149,000 after purchasing an additional 25 shares in the last quarter. Finally, Intergy Private Wealth LLC lifted its position in shares of Tesla by 0.9% during the 3rd quarter. Intergy Private Wealth LLC now owns 2,975 shares of the electric vehicle producer's stock worth $1,323,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: