Image from MarketBeat Media, LLC. Key Points Aberdeen Group plc trimmed its Tesla stake by 8.1% in Q3, selling 372,700 shares and leaving it with 4,217,717 shares (about 2.9% of the fund and its 6th largest holding), valued at roughly $1.84 billion. Insiders have been net sellers: Director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares, with insiders offloading 119,457 shares worth $53.5M in the past 90 days while still owning 19.9% of the company. Tesla beat the quarter on EPS ($0.50 vs. $0.45) and revenue ($24.90B vs. $24.75B) though revenue fell 3.1% year‑over‑year, and the analyst consensus is a "Hold" with a $408.09 average price target (18 Buy / 14 Hold / 9 Sell). Tesla’s Rally Setup Is Here—But Valuation Makes It Fragile Several other large investors have also modified their holdings of TSLA. Narwhal Capital Management lifted its position in Tesla by 32.8% during the 3rd quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer's stock worth $4,232,000 after acquiring an additional 2,350 shares during the period. Norges Bank purchased a new position in Tesla during the second quarter worth about $11,839,824,000. Police & Firemen s Retirement System of New Jersey increased its position in shares of Tesla by 5.6% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer's stock valued at $135,688,000 after acquiring an additional 22,607 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Tesla by 1,823.0% during the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer's stock worth $21,704,000 after purchasing an additional 64,772 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Tesla by 26.0% during the third quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after buying an additional 3,724 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: