Image from MarketBeat Media, LLC. Key Points Kestra Investment Management cut its Tesla stake by 27.4% in Q2, selling 2,765 shares and ending the quarter with 7,316 shares worth about $2.324 million. Other major moves included Norges Bank establishing a new Tesla position reportedly worth ~$11.84 billion, while directors James R. Murdoch and Kimbal Musk were among insiders who sold sizable blocks—insiders disposed of 119,457 shares (~$52.14 million) in the last three months. Tesla beat quarterly estimates with $0.50 EPS and $28.1 billion in revenue (up 11.6% YoY), trades near a $1.53 trillion market cap, and carries a MarketBeat consensus rating of "Hold" with an average price target of $399.33. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company's quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Ratings Changes A number of equities analysts recently commented on the company. Industrial Alliance Securities set a $300.00 price objective on Tesla in a research note on Monday, October 13th. Glj Research restated a "sell" rating on shares of Tesla in a research report on Wednesday, October 22nd. President Capital increased their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Finally, Melius Research set a $520.00 price target on Tesla and gave the stock a "buy" rating in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $399.33.