Image from MarketBeat Media, LLC. Key Points Deutsche Bank has raised Tesla's price target from $440 to $470, maintaining a "buy" rating and indicating a potential upside of 4.03% from the current stock price. Despite the optimistic outlook from some analysts, Tesla's stock experienced a 3.5% decline recently, opening at $451.81 with a 12-month high of $488.54. Tesla's latest quarterly results showed a revenue of $28.10 billion, surpassing estimates, with earnings per share coming in at $0.50, slightly above the expected $0.48. Tesla Stock: The Bulls Are Winning…For Now In other news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the transaction, the director owned 637,031 shares in the company, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company's stock. Hedge Funds Weigh In On Tesla Hedge funds have recently bought and sold shares of the company. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter valued at about $26,000. Arcadia Investment Management Corp MI bought a new stake in shares of Tesla during the first quarter valued at about $27,000. Chelsea Counsel Co. increased its position in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after buying an additional 40 shares during the period. Centennial Bank AR increased its position in shares of Tesla by 833.3% during the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock valued at $29,000 after buying an additional 100 shares during the period. Finally, LGT Financial Advisors LLC bought a new stake in shares of Tesla during the second quarter valued at about $29,000. 66.20% of the stock is owned by hedge funds and other institutional investors. Tesla Company Profile