Key Points AlTi Global Inc. increased its stake in Tesla, Inc. by 24.3% during the second quarter, holding 40,109 shares valued at $12.73 million. As of now, Tesla's stock has a consensus target price of $380.97 and an average rating of "Hold" from analysts. During the last quarter, several other hedge funds also raised their stakes in Tesla, indicating strong institutional investment interest, with 66.20% of the stock held by institutional investors and hedge funds. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.72%. The company's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Transactions at Tesla In other news, 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 transaction of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares of the company's stock, valued at $17,314,500. The trade was 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, 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 sale, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 over the last 90 days. Corporate insiders own 19.90% of the company's stock. Tesla Profile