Image from MarketBeat Media, LLC. Key Points Laurel Wealth Advisors slashed its Tesla stake by 99.7% in Q3, selling 377,984 shares and leaving the firm with 1,194 shares valued at $531,000. Significant insider selling: CFO Vaibhav Taneja sold 2,637 shares and director Kimbal Musk sold 56,820 shares, and insiders have sold 145,188 shares (~$64.2M) in the past 90 days while owning 19.9% of the company. Tesla trades at a high valuation—market cap about $1.51 trillion and a P/E of 373.44—and carries a MarketBeat consensus rating of Hold with an average price target of $408.09. 5 Stocks Racing Ahead as AI Supercharges Robotics Several other institutional investors have also recently made changes to their positions in TSLA. Brighton Jones LLC increased its holdings in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC boosted its position in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after acquiring an additional 931 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after acquiring an additional 3,558 shares during the period. Sivia Capital Partners LLC raised its position in shares of Tesla by 9.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock worth $3,855,000 after acquiring an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC lifted its stake in shares of Tesla by 21.2% during the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock worth $1,544,000 after purchasing an additional 851 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: