Key Points Tesla's shares gapped down from $438.97 to $420.00 after Canaccord Genuity lowered its price target from $490.00 to $482.00, despite maintaining a buy rating on the stock. The current consensus among analysts is a "Hold" rating with an average price target of $375.50; Tesla's recent earnings report revealed a net margin of 6.54% and revenue of $28.10 billion for the quarter. Insiders sold a total of 202,606 shares worth $75.59 million in the last quarter, with significant sales reported from CFO Vaibhav Taneja and Director James R. Murdoch, indicating potential concerns about the stock's future performance. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? In related news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction 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 in the company, valued at $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 over the last quarter. Corporate insiders own 19.90% of the company's stock. Institutional Trading of Tesla Several institutional investors have recently bought and sold shares of TSLA. Chapman Financial Group LLC bought a new position in Tesla during the 2nd quarter valued at about $26,000. Arcadia Investment Management Corp MI purchased a new stake in Tesla during the 1st quarter valued at approximately $27,000. Chelsea Counsel Co. grew its holdings in Tesla by 59.7% during the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares in the last quarter. Centennial Bank AR grew its holdings in shares of Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Finally, LGT Financial Advisors LLC purchased a new position in shares of Tesla in the second quarter valued at $29,000. 66.20% of the stock is owned by hedge funds and other institutional investors. Tesla Stock Performance