Image from MarketBeat Media, LLC. Key Points Sherry Group Inc. opened a new position in Tesla during the fourth quarter, buying 12,028 shares worth about $5.47 million. Tesla now represents roughly 5.7% of the fund’s portfolio and is its fourth-largest holding. Tesla’s latest quarterly results beat earnings expectations, posting $0.41 EPS versus the expected $0.39, while revenue rose 15.8% year over year to $22.39 billion. However, revenue still came in slightly below Wall Street estimates. Insider selling has continued, with director Kathleen Wilson-Thompson and CFO Vaibhav Taneja both selling shares recently. Over the past 90 days, company insiders sold 83,213 shares worth about $32.2 million. TSLA: 3 Reasons the Stock Could Hit $400 in May Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period in the previous year, the business earned $0.27 earnings per share. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. Equities analysts forecast that Tesla, Inc. will post 1.2 EPS for the current year. Insider Buying and Selling In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 83,213 shares of company stock worth $32,201,105. Company insiders own 19.90% of the company's stock. Wall Street Analyst Weigh In