Image from MarketBeat Media, LLC. Sierra Summit Advisors LLC decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,636 shares of the electric vehicle producer's stock after selling 2,487 shares during the quarter. Tesla accounts for about 3.4% of Sierra Summit Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Sierra Summit Advisors LLC's holdings in Tesla were worth $22,074,000 at the end of the most recent quarter. Get Tesla alerts: Tesla’s P/E Is Near a 5-Year High—Buy Signal or Panic Signal? Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The business's quarterly revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insiders Place Their Bets In related news, Director Kathleen Wilson-Thompson sold 25,731 shares of the company's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the transaction, the director directly owned 19,669 shares of the company's stock, valued at $8,173,649.64. This represents a 56.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction dated 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 sale, the director owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 145,188 shares of company stock valued at $64,193,919. 19.90% of the stock is currently owned by corporate insiders. Analyst Ratings Changes