Share on Stocktwits Baron Wealth Management LLC trimmed its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 24.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,759 shares of the electric vehicle producer’s stock after selling 1,185 shares during the period. Tesla comprises approximately 0.6% of Baron Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Baron Wealth Management LLC’s holdings in Tesla were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission. Get Tesla alerts: Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sivia Capital Partners LLC increased its position in Tesla by 3.4% in the 3rd quarter. Sivia Capital Partners LLC now owns 12,544 shares of the electric vehicle producer’s stock worth $5,579,000 after purchasing an additional 409 shares during the last quarter. Weaver Capital Management LLC grew its stake in shares of Tesla by 29.4% in the 3rd quarter. Weaver Capital Management LLC now owns 10,286 shares of the electric vehicle producer’s stock valued at $4,574,000 after buying an additional 2,335 shares in the last quarter. Clark Asset Management LLC increased its holdings in Tesla by 3.5% in the third quarter. Clark Asset Management LLC now owns 6,046 shares of the electric vehicle producer’s stock worth $2,689,000 after buying an additional 206 shares during the last quarter. Armbruster Capital Management Inc. bought a new position in Tesla during the third quarter valued at approximately $289,000. Finally, Simplify Asset Management Inc. lifted its stake in Tesla by 0.9% in the third quarter. Simplify Asset Management Inc. now owns 24,360 shares of the electric vehicle producer’s stock valued at $10,833,000 after acquiring an additional 219 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock. Insider Activity In other Tesla news, 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 value of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla 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 directly owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by company insiders. Tesla Trading Down 1.0% Shares of Tesla stock opened at $449.72 on Thursday. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company’s fifty day simple moving average is $445.67 and its 200-day simple moving average is $389.64. The company has a market cap of $1.50 trillion, a price-to-earnings ratio of 299.81, a PEG ratio of 11.48 and a beta of 1.87. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla (NASDAQ:TSLA – Get Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current year. Key Stores Impacting Tesla