Image from MarketBeat Media, LLC. Key Points Rep. Gilbert Ray Cisneros, Jr. disclosed selling between $15,001 and $50,000 of Tesla (TSLA) stock on March 13 in his "150 MAIN STREET TRUST > BANK OF AMERICA" account (filing disclosed April 7). Tesla stock traded down ~0.4% to $341.95 amid mixed signals—high valuation (PE ~316), a Q1 delivery miss and revenue decline but bullish flows from Cathie Wood/ARK and reports Tesla is developing a smaller, cheaper EV that could boost long‑term volumes. Insiders and institutions are active: a director sold 25,809 shares (~$9.27M), insiders sold ~53,804 shares (~$20.9M) over 90 days, while major funds like Norges and Vanguard have added sizable positions, leaving institutions owning ~66.2% of TSLA. Hedge Funds Weigh In On Tesla A number of hedge funds have recently made changes to their positions in TSLA. Norges Bank purchased a new position in shares of Tesla in the 4th quarter valued at $17,128,100,000. Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares during the period. Bank of America Corp DE raised its stake in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock valued at $9,334,211,000 after acquiring an additional 7,450,766 shares during the period. Cardano Risk Management B.V. grew its holdings in Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock valued at $3,688,630,000 after purchasing an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Insiders Place Their Bets In related news, Director Kathleen Wilson-Thompson sold 25,809 shares of the firm's stock in a transaction on Monday, March 30th. The shares were sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the completion of the sale, the director directly owned 33,860 shares of the company's stock, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the firm's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. The trade was a 11.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 53,804 shares of company stock valued at $20,865,598. Company insiders own 19.90% of the company's stock. About Representative Cisneros Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness. About Tesla