Key Points Opes Wealth Management LLC has acquired a new stake in Tesla, Inc., purchasing 759 shares valued at approximately $241,000. During the same quarter, other institutional investors increased their stakes, with Avion Wealth lifting its stake by 75.4% and CAP Partners LLC increasing by 16.2%. Tesla reported a quarterly earnings per share (EPS) of $0.50, beating analysts' expectations, and its quarterly revenue rose 11.6% compared to the same period last year. Tesla’s Earnings Review: Does the Juice Justify the Squeeze? Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 return on equity of 6.72% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same period last year, the business posted $0.72 EPS. The business's revenue was up 11.6% compared to the same quarter last year. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Wall Street Analyst Weigh In Several equities research analysts have recently issued reports on TSLA shares. CICC Research raised their price objective on Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research note on Thursday, September 18th. Mizuho raised their price objective on Tesla from $450.00 to $485.00 and gave the company an "outperform" rating in a research note on Thursday. Daiwa Capital Markets reaffirmed a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. HSBC raised their price target on Tesla from $120.00 to $127.00 in a research note on Monday, September 29th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the company's stock. According to MarketBeat, Tesla currently has a consensus rating of "Hold" and an average price target of $380.97.