Image from MarketBeat Media, LLC. Tesla, Inc. (NASDAQ:TSLA - Get Free Report)'s share price fell 3.8% on Wednesday . The company traded as low as $399.18 and last traded at $406.01. 73,499,030 shares were traded during mid-day trading, an increase of 15% from the average session volume of 63,655,023 shares. The stock had previously closed at $421.96. Get Tesla alerts: Mag 7 Outlook: What Apple, Microsoft, Meta, and Tesla Just Told Us Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analysts' expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company's revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. On average, equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Insider Transactions at Tesla In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares of the company's stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the company's stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company's stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 119,457 shares of company stock worth $53,501,145. 19.90% of the stock is currently owned by insiders. Institutional Investors Weigh In On Tesla Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Tesla during the 2nd quarter valued at about $11,839,824,000. Vanguard Group Inc. grew its position in shares of Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the last quarter. Holocene Advisors LP grew its position in shares of Tesla by 132.2% in the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock worth $2,738,141,000 after buying an additional 3,505,000 shares during the last quarter. Amundi increased its stake in shares of Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer's stock valued at $6,374,284,000 after buying an additional 3,422,270 shares during the period. Finally, Jennison Associates LLC raised its holdings in shares of Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock valued at $4,851,747,000 after acquiring an additional 3,021,550 shares in the last quarter. Institutional investors own 66.20% of the company's stock. About Tesla