Image from MarketBeat Media, LLC. Key Points National Wealth Management Group LLC increased its Tesla stake by 26.3% in Q2 to 8,447 shares worth $2.683 million, representing about 1.5% of its holdings and the firm's 18th largest position. Notable insider selling occurred—CFO Vaibhav Taneja sold 2,637 shares (~$1.17M) and director Kimbal Musk sold 56,820 shares (~$25.6M)—leaving insiders with about 19.9% ownership while institutions hold 66.2%. Analysts' consensus rating is a Hold with a $399.33 price target; Tesla trades near $475 with a market cap of ~$1.58 trillion and a high P/E of 316.87. Market Momentum: 3 Stocks Poised for Major Breakouts Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $24.98 billion. During the same period last year, the firm earned $0.72 earnings per share. The company's revenue was up 11.6% on a year-over-year basis. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity at Tesla In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the company's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company's stock, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares of the company's stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.90% of the stock is owned by insiders. Tesla Company Profile