Key Points Cornerstone Wealth Group LLC increased its holdings in Tesla, Inc. by 17.0% during the second quarter, owning a total of 10,493 shares valued at approximately $3.33 million. In related institutional activity, several firms, including Cherry Tree Wealth Management LLC and First PREMIER Bank, significantly raised their stakes in Tesla, accumulating a combined additional investment in the company. Tesla's stock recently declined 1.5% and has seen fluctuations in its market price, with a 12-month low of $212.11 and high of $488.54. MarketBeat Week in Review – 09/29 - 10/03 Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm's revenue was down 11.8% compared to the same quarter last year. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year. Analyst Ratings Changes Several analysts have issued reports on TSLA shares. Bank of America upped their price objective on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. The Goldman Sachs Group upped their price objective on Tesla from $395.00 to $425.00 and gave the company a "neutral" rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. upped their price objective on Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Evercore ISI upped their price objective on Tesla from $235.00 to $300.00 and gave the company an "in-line" rating in a research note on Monday. Finally, William Blair reiterated a "market perform" rating on shares of Tesla in a research report on Friday, September 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and eight have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $363.03.