Image from MarketBeat Media, LLC. Key Points Rhumbline Advisers trimmed its Tesla stake by 0.9% in Q2, selling 44,532 shares and ending the quarter with 5,179,984 shares (about 0.16% of Tesla) worth roughly $1.645 billion, making Tesla ~1.4% of Rhumbline's portfolio and its 8th-largest holding. Other institutions made large moves — Goldman Sachs dramatically increased its position (adding ~20.29M shares), Vanguard and Nuveen also added sizeable stakes, and Kingstone massively boosted its holding — leaving institutional ownership at about 66.2%. Tesla beat consensus on its most recent quarter with $0.50 EPS and $28.10 billion revenue (up 11.6% y/y), has a $1.30 trillion market cap, and carries mixed analyst sentiment (average rating "Hold" with an average price target of ~$394.31 despite several bullish target raises). Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop? Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. Tesla's revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insiders Place Their Bets In other news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the company's 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 202,606 shares of company stock worth $75,588,902 over the last ninety days. Company insiders own 19.90% of the company's stock. Analysts Set New Price Targets