Image from MarketBeat Media, LLC. Key Points Zevenbergen Capital Investments cut its Tesla holding by 10.5%, selling 100,876 shares and leaving it with 862,697 shares worth about $383.7M, making TSLA its second‑largest position (~7.5% of the fund). Company insiders also sold recently: CFO Vaibhav Taneja sold 2,637 shares and director Kimbal Musk sold 56,820 shares (≈$25.6M), with insiders owning roughly 19.9% of Tesla. Tesla has a market cap of about $1.6T and a high P/E (~320.8); it reported an earnings and revenue beat for the quarter, while analysts raised targets (Deutsche Bank to $500) but the consensus target remains around $404 with an average rating of "Hold". Is Tesla Overvalued? 2 Reasons It Might Be a Bargain Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results 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 analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. Analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Insider Transactions at Tesla In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the business'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 sale, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of the firm's 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 transaction, the director directly owned 1,391,615 shares of the company's stock, valued at $627,145,215.90. This represents a 3.92% 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 News Summary