Image from MarketBeat Media, LLC. Key Points MBL Wealth LLC decreased its stake in Tesla by 8.3% during Q3, selling 1,085 shares and leaving it with 12,062 shares valued at about $5.36 million. Significant insider selling: Director Kimbal Musk sold 56,820 shares for roughly $25.6 million and CFO Vaibhav Taneja sold 2,637 shares, with insiders now owning 19.90% and institutions owning 66.20% of the stock. Valuation and consensus: Tesla has a market cap of $1.58 trillion and a PE of 316.79, while analysts' average rating is "Hold" with an average price target of $414.50. MarketBeat Week in Review – 12/15 - 12/19 In other news, Director Kimbal Musk sold 56,820 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.90% of the stock is currently owned by insiders. Wall Street Analyst Weigh In Several analysts have issued reports on the stock. Truist Financial set a $444.00 price objective on shares of Tesla and gave the company a "hold" rating in a research report on Friday, December 19th. Dbs Bank raised shares of Tesla to a "hold" rating in a report on Wednesday, November 5th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Tesla in a report on Wednesday, December 17th. Glj Research reissued a "sell" rating on shares of Tesla in a research report on Wednesday, October 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of Tesla in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $414.50.