Image from MarketBeat Media, LLC. Key Points MRP Capital Investments increased its Tesla stake by 93.8% in Q2 to 5,518 shares worth $1,753,000, making TSLA 1.2% of the firm's holdings and its 21st-largest position. Large institutional activity continues — Norges Bank opened a new Tesla position valued at $11,839,824,000 and Vanguard now holds 251,390,681 shares (≈$79.86B); institutions own about 66.20% of the stock. Tesla has a market capitalization of $1.53 trillion and recently beat quarterly estimates with $0.50 EPS on $28.10B revenue, but analysts' consensus rating is a "Hold" with a target price of $399.33. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The company's revenue was up 11.6% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year. Analysts Set New Price Targets A number of brokerages have recently issued reports on TSLA. Stifel Nicolaus lifted their price objective on shares of Tesla from $483.00 to $508.00 and gave the stock a "buy" rating in a research report on Monday, November 17th. Robert W. Baird raised shares of Tesla from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $320.00 to $548.00 in a report on Friday, September 19th. Dbs Bank raised Tesla to a "hold" rating in a research report on Wednesday, November 5th. Piper Sandler reiterated an "overweight" rating and set a $500.00 price objective on shares of Tesla in a report on Tuesday. Finally, CICC Research boosted their target price on Tesla from $360.00 to $450.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company's stock. Based on data from MarketBeat, Tesla currently has an average rating of "Hold" and a consensus target price of $399.33.