Image from MarketBeat Media, LLC. Key Points The Bank of New York Mellon Corp reduced its Tesla holdings by 6.3%, selling over 1 million shares, making Tesla its 13th largest position. Tesla's stock saw a 3.7% increase, with its market cap at $1.52 trillion and a P/E ratio of 304.37. Despite a decrease in earnings from last year, Tesla reported a quarterly EPS of $0.50, surpassing analyst expectations and achieving revenue of $28.10 billion. Tesla Stock: The Bulls Are Winning…For Now Tesla (NASDAQ:TSLA - Get Free Report) last released its 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. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 EPS. As a group, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insiders Place Their Bets In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director owned 637,031 shares in the company, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company's stock. Analyst Ratings Changes