Image from MarketBeat Media, LLC. Key Points Tesla: 1248 Management LLC boosted its position by 711.5% in Q2 to 18,754 shares, worth $5.96 million and representing about 2.2% of the firm's portfolio (its 13th largest holding). Major institutional activity: Norges Bank bought a new stake worth roughly $11.84 billion, Kingstone Capital increased to 6.44 million shares (~$2.04 billion), and Vanguard holds 251.39 million shares (~$79.86 billion), with institutions owning about 66.2% of the stock. Insider selling has been notable: Director Kimbal Musk sold 56,820 shares (~$25.6 million) and the CFO sold 2,637 shares, with insiders offloading 119,457 shares (~$52.14 million) in the past 90 days while owning ~19.9%. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth TSLA has been the subject of several analyst reports. New Street Research raised their price objective on shares of Tesla from $465.00 to $520.00 and gave the stock a "buy" rating in a report on Thursday, October 23rd. HSBC reiterated a "reduce" rating on shares of Tesla in a research report on Monday, November 17th. Morgan Stanley set a $425.00 price objective on Tesla and gave the stock an "equal weight" rating in a report on Sunday, December 7th. Wedbush reaffirmed an "outperform" rating and set a $600.00 target price on shares of Tesla in a report on Wednesday, November 5th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and nine have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $399.33.