Key Points Mizuho analysts have raised Tesla's target price from $450.00 to $485.00, indicating a potential upside of 10.49% from the current stock price. Profits for Tesla exceeded expectations, with a reported earnings per share (EPS) of $0.50, surpassing the consensus estimate of $0.48. Insiders have recently sold significant stock amounts, with CFO Vaibhav Taneja selling 2,606 shares for approximately $918,302. Lithium Americas: Why This 31% Rally Is More Than Just a Headline In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 120,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the completion of the sale, the director owned 697,031 shares in the company, valued at $244,162,988.99. This represents a 14.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is owned by insiders. Hedge Funds Weigh In On Tesla A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the period. Norges Bank purchased a new position in shares of Tesla in the second quarter worth approximately $11,839,824,000. Goldman Sachs Group Inc. grew its position in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after buying an additional 20,291,139 shares during the period. Finally, Legal & General Group Plc increased its holdings in Tesla by 5.9% during the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer's stock valued at $6,424,705,000 after buying an additional 1,134,678 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. About Tesla