Image from MarketBeat Media, LLC. Key Points Spire Wealth Management cut its Tesla stake by 13.1%, selling 2,842 shares and leaving it with 18,891 shares valued at about $8.40 million as of the latest SEC filing. Insider selling has been significant recently: CFO Vaibhav Taneja sold 2,637 shares and director Kimbal Musk sold 56,820 shares, with insiders offloading a total of 119,457 shares worth roughly $53.5 million over the last three months (insiders now own 19.90% of the company). Tesla posted an earnings beat with $0.50 EPS vs. $0.48 expected and revenue of $28.10 billion (up 11.6% YoY); the company has a $1.48 trillion market cap and an average analyst rating of "Hold" with a $408.54 price target. MarketBeat Week in Review – 01/05 - 01/09 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, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm's revenue was up 11.6% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Insider Buying and Selling at Tesla In other news, CFO Vaibhav Taneja sold 2,637 shares of the firm's stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated 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 transaction, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock worth $53,501,145 over the last three months. Company insiders own 19.90% of the company's stock. Wall Street Analysts Forecast Growth