Image from MarketBeat Media, LLC. Key Points Elmwood Wealth Management opened a new position in Tesla, buying 2,143 shares in the third quarter valued at roughly $953,000. Analyst sentiment is mixed: the consensus rating is Hold with a $403.92 average price target, while individual targets and ratings range widely (17 Buys, 14 Holds, 9 Sells). Tesla trades at a rich valuation (market cap ~$1.61T; P/E ~396) after a slight earnings beat (Q EPS $0.50 vs. $0.45) despite revenue down 3.1% YoY, and insiders have sold about 119,457 shares (~$53.5M) in the past 90 days. Tesla P/E Hits 400: 2 Reasons It's Still a Buy, 1 to Avoid Shares of TSLA opened at $428.26 on Thursday. The business's 50-day moving average is $445.74 and its two-hundred day moving average is $413.37. The company has a market capitalization of $1.61 trillion, a P/E ratio of 396.54, a P/E/G ratio of 14.24 and a beta of 1.86. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $498.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16. Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.05. The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The company's revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. Research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year. Insiders Place Their Bets In other news, Director Kimbal Musk sold 56,820 shares of the firm's stock in a transaction that occurred on 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 $627,145,215.90. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company's stock, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 119,457 shares of company stock worth $53,501,145. Corporate insiders own 19.90% of the company's stock. Tesla Profile