Image from MarketBeat Media, LLC. Key Points CICC Research raised its price target on Tesla from $450 to $500 and kept an "outperform" rating, helping TSLA jump about 3.4% to intraday highs near $490.86 (last $483.37). Analyst sentiment is mixed: the average rating is "Hold" with an average price target of $402.25, while individual targets range widely from $307 to as high as $600 and $520, indicating significant disagreement on valuation. Insider selling occurred recently—Director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares (~$1.17M); insiders still own about 19.9% of Tesla. MarketBeat Week in Review – 12/8 - 12/12 In other news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company's stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the 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 directly owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 19.90% of the company's stock. Institutional Investors Weigh In On Tesla Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in Tesla during the second quarter worth about $11,839,824,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of Tesla by 581,880.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock valued at $2,044,683,000 after purchasing an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. increased its stake in Tesla by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after buying an additional 4,502,976 shares during the period. Amundi lifted its holdings in Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after buying an additional 3,814,610 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in Tesla by 132.2% in the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock valued at $2,738,141,000 after buying an additional 3,505,000 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds. Tesla Trading Up 3.4%