Image from MarketBeat Media, LLC. Key Points Richard P Slaughter Associates trimmed its Tesla stake by 15.6% to 5,943 shares, valued at about $2.64 million at the end of the quarter. Notable insider selling: Director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares (~$1.17M), leaving insiders with roughly 19.9% ownership. Mixed fundamentals and analyst stance: Tesla beat Q3 revenue ($28.1B) and EPS ($0.50) estimates, but trades at a high PE (~320) and carries a MarketBeat consensus rating of "Hold" with an average target of $404. Is Tesla Overvalued? 2 Reasons It Might Be a Bargain Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $24.98 billion. During the same period last year, the company earned $0.72 earnings per share. The business's revenue was up 11.6% compared to the same quarter last year. Sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insider Buying and Selling In other Tesla news, Director Kimbal Musk sold 56,820 shares of the 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 owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. 19.90% of the stock is currently owned by company insiders. Tesla News Summary