Image from MarketBeat Media, LLC. Key Points Representative Gilbert Ray Cisneros, Jr. disclosed on Feb. 13 that he purchased between $1,001 and $15,000 of Tesla, Inc. (TSLA) stock on Jan. 9 in his "150 MAIN STREET TRUST > BANK OF AMERICA" account. Tesla shares were trading near $410.63 (down $6.81) with a market cap of about $1.54 trillion, a very high P/E (~380), and a consensus analyst rating of Hold with an average price target of $408.09. Market activity shows significant ownership shifts: insiders sold roughly 119,457 shares (~$53.5M) in the last 90 days, while institutional investors own about 66.2% of Tesla, including large recent purchases by Norges Bank, Bank of America and Vanguard. Insider Buying and Selling In related news, CFO Vaibhav Taneja sold 2,637 shares of the business'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 completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of 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. Insiders have sold 119,457 shares of company stock valued at $53,501,145 in the last 90 days. 19.90% of the stock is owned by insiders. About Representative Cisneros Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness. About Tesla