Image from MarketBeat Media, LLC. Key Points RiverFront Investment Group cut its Tesla stake by 16.9% in the fourth quarter, selling 10,156 shares and ending with 49,952 shares worth about $22.46 million. Institutional ownership in Tesla remains heavy, with major firms like Vanguard, State Street, and Capital World Investors increasing positions; overall, institutions hold 66.2% of the company. Recent Tesla headlines were mixed: the company is investing $250 million in its Berlin Gigafactory, but robotaxi concerns, legal scrutiny in Australia, and insider share sales continue to add pressure. TSLA: 3 Reasons the Stock Could Hit $400 in May In related news, CFO Vaibhav Taneja sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,213 shares of company stock worth $32,201,105 over the last quarter. 19.90% of the stock is currently owned by company insiders. Wall Street Analysts Forecast Growth TSLA has been the topic of a number of recent analyst reports. Zacks Research upgraded Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Glj Research reiterated a "sell" rating on shares of Tesla in a research report on Tuesday, April 21st. President Capital lifted their target price on Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a research report on Monday, April 27th. UBS Group boosted their price target on Tesla from $352.00 to $364.00 and gave the stock a "neutral" rating in a report on Wednesday, May 13th. Finally, Stifel Nicolaus set a $508.00 price target on Tesla in a report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $395.20. Ad Brownstone Research