Key Points Sage Mountain Advisors LLC increased its Tesla holdings by 49.2% during the second quarter, now owning 36,683 shares valued at approximately $11.65 million. Tesla reported earnings of $0.50 per share for the latest quarter, surpassing estimates, with revenue of $28.10 billion, reflecting an 11.6% year-over-year increase. Analysts have varied ratings for Tesla, with a consensus target price of $380.03, and one analyst giving it a "Strong Buy" rating amid multiple "Sell" recommendations. How Much Risk Is Too Much? Here Come 5X Leveraged ETFs Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year. Wall Street Analysts Forecast Growth A number of analysts have recently weighed in on the company. Melius assumed coverage on Tesla in a research report on Monday, October 13th. They set a "buy" rating and a $520.00 price objective on the stock. Guggenheim reissued a "sell" rating and issued a $175.00 target price on shares of Tesla in a report on Wednesday, July 23rd. DZ Bank reissued a "sell" rating on shares of Tesla in a report on Thursday. Bank of America increased their target price on Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Industrial Alliance Securities set a $300.00 target price on Tesla in a report on Monday, October 13th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $380.03.