Image from MarketBeat Media, LLC. Key Points Primecap Management trimmed its Tesla stake by 4.3% in Q3 to 6,622,130 shares — a position worth about $2.94 billion, representing 2.3% of the firm's portfolio and its 10th-largest holding. Wall Street is mixed: Tesla carries a consensus rating of Hold with a $408.09 price target, yet trades at a very high valuation (P/E ~386) as bullish AI/robotics narratives collide with legal rulings, falling European sales and heavy planned robot capex. Tesla beat quarterly EPS expectations ($0.50 vs. $0.45) despite revenue declining ~3.1% YoY, and insiders have sold about 119,457 shares (~$53.5 million) over the past three months. Tesla’s P/E Is Near a 5-Year High—Buy Signal or Panic Signal? A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Tesla by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer's stock worth $112,241,237,000 after buying an additional 995,623 shares during the period. Geode Capital Management LLC boosted its position in Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock valued at $20,480,477,000 after buying an additional 1,269,304 shares during the period. Norges Bank bought a new position in Tesla in the 2nd quarter worth about $11,839,824,000. Legal & General Group Plc increased its position in shares of Tesla by 5.9% during the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer's stock worth $6,424,705,000 after acquiring an additional 1,134,678 shares during the period. Finally, Amundi increased its position 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 worth $6,374,284,000 after acquiring an additional 3,422,270 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: