Key Points Tesla's stock price fell 3.4% following a downgrade from Evercore ISI, which lowered the price target from $300 to $235. Despite the downgrade, some analysts maintain optimistic views, with target prices ranging up to $520 from various research firms. Insider trading activity has been notable, with CFO Vaibhav Taneja and SVP Xiaotong Zhu selling shares, indicating a 20.91% and 29.59% decrease in their ownership, respectively. How Much Risk Is Too Much? Here Come 5X Leveraged ETFs In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated 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 $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president owned 47,600 shares in the company, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company's stock. Hedge Funds Weigh In On Tesla Several institutional investors and hedge funds have recently added to or reduced their stakes in TSLA. Relyea Zuckerberg Hanson LLC boosted its stake in Tesla by 0.4% in the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer's stock valued at $2,916,000 after buying an additional 23 shares in the last quarter. Equita Financial Network Inc. boosted its holdings in shares of Tesla by 2.8% in the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer's stock worth $380,000 after acquiring an additional 23 shares in the last quarter. Chesley Taft & Associates LLC lifted its holdings in Tesla by 0.8% during the 3rd quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer's stock worth $1,387,000 after buying an additional 25 shares in the last quarter. KRS Capital Management LLC lifted its holdings in Tesla by 1.2% during the 3rd quarter. KRS Capital Management LLC now owns 2,035 shares of the electric vehicle producer's stock worth $905,000 after buying an additional 25 shares in the last quarter. Finally, DecisionMap Wealth Management LLC lifted its holdings in Tesla by 1.0% during the 3rd quarter. DecisionMap Wealth Management LLC now owns 2,533 shares of the electric vehicle producer's stock worth $1,126,000 after buying an additional 25 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors. Tesla Stock Performance