Key Points Consolidated Capital Management LLC acquired a new position in Tesla, Inc. worth approximately $323,000, purchasing 1,017 shares during the second quarter. Multiple institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have significantly increased their stakes in Tesla, indicating strong confidence in the company's future prospects. Recent analyst reports have set varying price targets for Tesla, with Benchmark raising its target to $475.00 and Robert W. Baird upgrading their target to $548.00, while maintaining an overall consensus rating of "Hold" with a target of $332.33. Rivian Is Emerging as a Supplemental Tesla Play Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $22.50 billion for the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year. Insider Transactions at Tesla In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 208,606 shares of company stock worth $77,360,462 in the last quarter. Insiders own 19.90% of the company's stock. Tesla Company Profile