Image from MarketBeat Media, LLC. Frank Rimerman Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 38,997 shares of the electric vehicle producer's stock after buying an additional 5,691 shares during the quarter. Tesla comprises about 0.8% of Frank Rimerman Advisors LLC's holdings, making the stock its 16th largest position. Frank Rimerman Advisors LLC's holdings in Tesla were worth $12,388,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla's revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Equities analysts expect 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 commented on TSLA shares. Melius started coverage on shares of Tesla in a research report on Monday, October 13th. They set a "buy" rating and a $520.00 target price on the stock. DZ Bank reissued a "sell" rating on shares of Tesla in a report on Thursday, October 23rd. President Capital upped their target price on shares of Tesla from $373.00 to $529.00 and gave the stock a "buy" rating in a research report on Wednesday, October 29th. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Tesla in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $394.31.