Key Points RedJay Asset Management Inc. increased its stake in Tesla by 50%, owning 12,000 shares worth approximately $3.81 million, making it the firm's 20th largest holding. Several institutional investors, including Vanguard and Goldman Sachs, also raised their positions in Tesla, reflecting growing confidence in the electric vehicle producer. Tesla's recent earnings report showed an EPS of $0.50, exceeding analysts' expectations and marking an 11.6% revenue increase from the previous year. How Much Risk Is Too Much? Here Come 5X Leveraged ETFs Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the business earned $0.72 EPS. Tesla's revenue was up 11.6% compared to the same quarter last year. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year. Insiders Place Their Bets In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the company's 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James R. Murdoch sold 120,000 shares of the company'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 value of $42,034,800.00. Following the transaction, the director owned 697,031 shares in the company, valued at $244,162,988.99. This trade represents a 14.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Company insiders own 19.90% of the company's stock. Analyst Upgrades and Downgrades