Key Points GenTrust LLC increased its stake in Tesla by 10.6%, acquiring an additional 2,644 shares to own a total of 27,513 shares, valued at approximately $8.74 million. Recent insider activity includes SVP Xiaotong Zhu selling 20,000 shares for about $7.28 million and Director James R. Murdoch selling 60,000 shares for approximately $25.36 million, indicating a trend of insider selling as they reduced their ownership. Tesla's quarterly earnings report showed a revenue increase of 11.6% year-over-year, totaling $28.10 billion, with an earnings per share of $0.50 exceeding analysts' expectations. Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? A number of equities analysts recently commented on the stock. Barclays reissued a "negative" rating and issued a $350.00 price objective (up previously from $275.00) on shares of Tesla in a research note on Thursday, October 16th. The Goldman Sachs Group boosted their price objective on shares of Tesla from $395.00 to $425.00 and gave the stock a "neutral" rating in a research note on Friday, October 3rd. CICC Research boosted their price objective on shares of Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. Truist Financial boosted their price objective on shares of Tesla from $280.00 to $406.00 and gave the stock a "hold" rating in a research note on Thursday. Finally, Cantor Fitzgerald set a $510.00 price objective on shares of Tesla in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have assigned a Hold rating and eleven have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $380.97.