Image from MarketBeat Media, LLC. DNB Asset Management AS increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 641,447 shares of the electric vehicle producer's stock after acquiring an additional 35,881 shares during the period. Tesla makes up approximately 0.8% of DNB Asset Management AS's portfolio, making the stock its 19th biggest holding. DNB Asset Management AS's holdings in Tesla were worth $203,762,000 as of its most recent SEC filing. Get Tesla alerts: Is Tesla Setting Up for a Year-End Rebound—or a Collapse? Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS 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 firm had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same period in the previous year, the company earned $0.72 EPS. Tesla's revenue for the quarter was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analysts Forecast Growth A number of analysts have commented on the company. Daiwa Capital Markets reiterated a "neutral" rating on shares of Tesla in a research report on Sunday, July 27th. Industrial Alliance Securities set a $300.00 target price on shares of Tesla in a report on Monday, October 13th. Roth Capital set a $505.00 price target on shares of Tesla and gave the company a "buy" rating in a report on Thursday, October 23rd. China Renaissance raised their price objective on shares of Tesla from $349.00 to $380.00 and gave the stock a "hold" rating in a research note on Friday, October 24th. Finally, Bank of America lifted their price objective on Tesla from $341.00 to $471.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $394.31.