Image from MarketBeat Media, LLC. Key Points Tesla shares fell 6.6% in mid-day trading, briefly touching $388.59 before last trading near $391, well below the prior close of $418.45. J.P. Morgan turned more constructive on Tesla, dropping its bearish view and citing long-term upside from robotics and AI, while Tesla’s expanding unsupervised robotaxi rollout in Austin also supported the autonomy narrative. Wall Street remains mixed on valuation, with a consensus rating of Hold and a price target of about $404.37; the stock still carries a very high valuation, and some analysts argue much of the AI/robotics optimism is already priced in. MarketBeat Week in Review – 05/18 - 05/22 Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. Tesla's revenue for the quarter was up 15.8% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 1.2 EPS for the current year. Insider Activity In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction dated 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 sale, the director directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's 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 transaction, the chief financial officer owned 18,106 shares of the company's stock, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 55,218 shares of company stock worth $20,609,455 over the last quarter. 19.90% of the stock is currently owned by insiders. Institutional Trading of Tesla Several institutional investors and hedge funds have recently made changes to their positions in TSLA. Norges Bank purchased a new position in shares of Tesla during the fourth quarter worth approximately $17,128,100,000. Corient Private Wealth LLC raised its holdings in Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after purchasing an additional 20,810,386 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 buying an additional 7,450,766 shares in the last quarter. Cardano Risk Management B.V. grew its position in shares of Tesla by 882.8% in the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock worth $3,688,630,000 after buying an additional 7,367,507 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock worth $116,443,762,000 after acquiring an additional 6,538,720 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors. About Tesla