Image from MarketBeat Media, LLC. Key Points ICONIQ Capital raised its stake in Tesla by 21% in Q2, buying 2,534 shares to own 14,576 shares worth about $4.63 million per its SEC filing. Major institutional shifts include Norges Bank opening a new roughly $11.84 billion position and Vanguard holding ~251.4 million shares (~$79.86 billion); institutional ownership stands at ~66.2%, while insiders sold 119,457 shares (~$52.14 million) over the past three months. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. Sell-side analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year. Insiders Place Their Bets In related news, CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a 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 dated 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 sale, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 119,457 shares of company stock worth $52,137,945 over the last three months. 19.90% of the stock is currently owned by company insiders. Analyst Upgrades and Downgrades