Key Points RNC Capital Management LLC increased its stake in Tesla, Inc. by 7.2% during Q2, acquiring 723 additional shares, bringing its total holdings to 10,700 shares valued at approximately $3.4 million. Tesla reported $28.10 billion in revenue for the last quarter, surpassing analyst expectations of $24.98 billion, while earnings per share came in at $0.50, beating estimates by $0.02. During the last quarter, Tesla insiders sold a total of 202,606 shares valued at about $75.6 million, indicating notable insider trading activity. Happy Third Birthday to the Bull Market Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same quarter last year, the company earned $0.72 EPS. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. Equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Upgrades and Downgrades Several equities analysts recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of Tesla from $333.00 to $490.00 and gave the company a "buy" rating in a research report on Tuesday, September 30th. Morgan Stanley reaffirmed an "overweight" rating on shares of Tesla in a research report on Wednesday, October 15th. Benchmark reaffirmed a "buy" rating and issued a $475.00 price objective (up from $350.00) on shares of Tesla in a research report on Thursday, June 26th. CICC Research increased their price objective on shares of Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. Finally, Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $366.95.