Image from MarketBeat Media, LLC. Key Points Sicart Associates LLC raised its Tesla stake by 20.3% in Q3 to 43,477 shares (about $19.34M), making TSLA 5.2% of the fund's portfolio and its fourth-largest holding. Tesla beat last quarter's estimates with EPS $0.50 (vs. $0.48) and revenue $28.10B (vs. $24.98B); the stock has a $1.55T market cap and a PE of 311.51, while analysts' consensus rating is Hold with an average price target of $400.86. Recent insider selling included Director Kimbal Musk offloading 56,820 shares (~$25.6M) and CFO Vaibhav Taneja selling 2,637 shares, leaving insiders with about 19.90% ownership. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted $0.72 EPS. Equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Activity In other Tesla 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 transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 19.90% of the company's stock. Tesla Profile