Key Points Canaccord Genuity Group has lowered its target price for Tesla from $490.00 to $482.00, maintaining a "buy" rating, which suggests a potential upside of 9.80% from the current stock price. Several analysts have differing views on Tesla's stock, with TD Cowen raising their target price to $509 and Goldman Sachs setting it at $425, indicating a mix of optimistic and cautious sentiments in the market. Insider trading was notable as Tesla CFO Vaibhav Taneja sold 2,606 shares, representing a 20.91% decrease in his holdings, raising questions about insider confidence amidst recent stock performance. Lithium Americas: Why This 31% Rally Is More Than Just a Headline In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James R. Murdoch sold 120,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director owned 697,031 shares in the company, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company's stock. Hedge Funds Weigh In On Tesla A number of large investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS lifted its holdings in shares of Tesla by 6.3% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 1,098,110 shares of the electric vehicle producer's stock worth $488,351,000 after purchasing an additional 64,600 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Tesla by 766.3% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 5,839 shares of the electric vehicle producer's stock valued at $2,597,000 after buying an additional 5,165 shares during the last quarter. New Century Financial Group LLC purchased a new position in shares of Tesla in the 3rd quarter worth about $230,000. Sather Financial Group Inc grew its position in Tesla by 4.4% during the third quarter. Sather Financial Group Inc now owns 1,764 shares of the electric vehicle producer's stock valued at $784,000 after buying an additional 75 shares during the period. Finally, Kelly Financial Group LLC bought a new position in Tesla during the third quarter valued at about $259,000. 66.20% of the stock is currently owned by institutional investors. About Tesla