Image from MarketBeat Media, LLC. Key Points Smart Money Group LLC opened a new position in Tesla (NASDAQ:TSLA) in Q2, buying 861 shares valued at approximately $274,000 according to its 13F filing. Notable insider selling occurred recently — CFO Vaibhav Taneja sold 2,606 shares and director James R. Murdoch sold 60,000 shares, with insiders offloading 202,606 shares (~$75.6M) last quarter while insiders still hold about 19.9% of the stock. Tesla posted an earnings beat (EPS $0.50 vs. $0.48) and revenue of $28.10B (+11.6% YoY), yet the stock was trading down ~3.5%; the company carries a market cap of about $1.48 trillion, a P/E near 297, and an average analyst rating of "Hold" with a $391 average price target. Amazon vs. Apple: Which Mag 7 Is the Better Buy? Tesla (NASDAQ:TSLA - Get Free Report) last released 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. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year. Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on TSLA shares. BNP Paribas Exane initiated coverage on shares of Tesla in a research note on Thursday, October 16th. They set an "underperform" rating and a $307.00 price objective on the stock. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Monday, October 13th. Roth Capital set a $505.00 price objective on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, October 23rd. Daiwa Capital Markets restated a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Finally, Barclays reaffirmed a "negative" rating and set a $350.00 price target (up from $275.00) on shares of Tesla in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $391.08.