Key Points VestGen Investment Management reduced its holdings in Tesla, Inc. by 62.6% in the second quarter, now owning 887 shares valued at $282,000 after selling 1,482 shares. Tesla's stock price is currently down 3.4%, with recent quarterly earnings showing an EPS of $0.50, surpassing estimates and marking an 11.6% year-over-year revenue increase. A significant insider transaction occurred as Director James R. Murdoch sold 60,000 shares for approximately $25.36 million, decreasing his ownership by 8.61%. How Much Risk Is Too Much? Here Come 5X Leveraged ETFs Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 earnings per share. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on TSLA. BNP Paribas Exane began coverage on shares of Tesla in a research note on Thursday, October 16th. They set an "underperform" rating and a $307.00 price target on the stock. Bank of America boosted their price target on shares of Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. New Street Research upped their target price on shares of Tesla from $465.00 to $520.00 and gave the stock a "buy" rating in a research report on Thursday. China Renaissance upped their target price on shares of Tesla from $349.00 to $380.00 and gave the stock a "hold" rating in a research report on Friday. Finally, DZ Bank restated a "sell" rating on shares of Tesla in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have given a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $381.00.