Key Points Tesla's price target was cut by Evercore ISI from $300 to $235, indicating a potential downside of 46.88% from its previous close. The stock currently has a consensus rating of "Hold" with a consensus price target of $380.03 from various analysts. Despite the price target reduction, Tesla reported quarterly earnings of $0.50 per share, which beat analysts' expectations and demonstrated an 11.6% increase in revenue compared to the previous year. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares of the company's stock, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,606 shares of company stock worth $75,588,902 over the last three months. 19.90% of the stock is owned by company insiders. Institutional Inflows and Outflows A number of large investors have recently made changes to their positions in the company. Chapman Financial Group LLC bought a new stake in shares of Tesla in the 2nd quarter worth approximately $26,000. Arcadia Investment Management Corp MI purchased a new position in Tesla during the 1st quarter valued at $27,000. Chelsea Counsel Co. grew its position in shares of Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 40 shares during the period. Centennial Bank AR grew its position in shares of Tesla by 833.3% in the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after buying an additional 100 shares during the period. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Tesla in the 2nd quarter worth about $29,000. 66.20% of the stock is owned by institutional investors. Tesla Company Profile