Image from MarketBeat Media, LLC. Shares of Tesla, Inc. (NASDAQ:TSLA - Get Free Report) dropped 2.6% on Tuesday . The stock traded as low as $422.26 and last traded at $433.45. Approximately 60,192,297 shares traded hands during trading, a decline of 4% from the average daily volume of 62,894,914 shares. The stock had previously closed at $445.00. Get Tesla alerts: Tesla’s Cybercab Is Finally Real—But Is It Enough? Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion for the quarter, compared to analysts' expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, equities research analysts forecast that Tesla, Inc. will post 1.25 EPS for the current year. Insider Activity In other news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction dated 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 owned 18,106 shares of the company's stock, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,213 shares of company stock worth $30,851,105 in the last three months. Corporate insiders own 19.90% of the company's stock. Institutional Trading of Tesla Large investors have recently made changes to their positions in the company. Networth Advisors LLC purchased a new stake in shares of Tesla during the fourth quarter worth approximately $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 27 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in shares of Tesla during the third quarter worth approximately $30,000. Manning & Napier Advisors LLC purchased a new stake in shares of Tesla during the third quarter worth approximately $29,000. Finally, Prism Advisors Inc. purchased a new stake in shares of Tesla during the fourth quarter worth approximately $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Tesla Company Profile