Key Points Galvin Gaustad & Stein LLC increased its holdings in Tesla by 106% in the second quarter, owning 1,710 shares valued at $543,000. Institutional investors and hedge funds now hold 66.20% of Tesla's stock, with several firms making significant stakes, such as Goldman Sachs increasing its position by 322.1%. Tesla's recent earnings report showed an EPS of $0.40, which missed analysts' expectations, and the company experienced a 11.8% revenue decline compared to the previous year. 3 Auto Stocks to Watch as EV and Hybrid Demand Shifts Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion during 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%. Tesla's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insiders Place Their Bets In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 202,606 shares of company stock valued at $75,588,902. Corporate insiders own 19.90% of the company's stock. Tesla Company Profile