Image from MarketBeat Media, LLC. Key Points Reynders McVeigh Capital Management cut its Tesla stake by 17.4% in Q2, selling 12,523 shares and ending the quarter with 59,563 shares worth about $18.92 million. Several large institutions shifted positions: Vanguard increased to 251,390,681 shares (~$79.86B), Norges Bank initiated a new ~ $11.84B position, and others (Amundi, Geode, Legal & General) also added shares, leaving institutional ownership at ~66.2%. Insider selling accelerated recently—director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares (~$1.17M)—with insiders now owning ~19.9% of the company. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data 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. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the prior year, the business earned $0.72 EPS. The business's revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insider Activity at Tesla In other Tesla news, 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 completion of the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the business's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 19.90% of the company's stock. Wall Street Analysts Forecast Growth