Image from MarketBeat Media, LLC. Key Points Tesla CFO Vaibhav Taneja sold 3,000 shares on May 13 at an average price of $450, generating $1.35 million. The sale reduced his holdings by 14.21%, and Tesla said it was done to cover tax withholding obligations tied to vesting equity awards. Tesla’s latest earnings beat EPS expectations, reporting $0.41 per share versus the $0.39 consensus, while revenue reached $22.39 billion. Revenue still came in slightly below estimates, though it was up 15.8% from a year earlier. Wall Street remains cautious on Tesla, with analysts assigning a consensus “Hold” rating and an average price target of $395.20. The stock was trading around $422.24 in the article, above that consensus target. TSLA: 3 Reasons the Stock Could Hit $400 in May Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. During the same period last year, the company posted $0.27 EPS. The firm's quarterly revenue was up 15.8% compared to the same quarter last year. Analysts expect that Tesla, Inc. will post 1.2 EPS for the current year. Wall Street Analysts Forecast Growth A number of research firms have weighed in on TSLA. Benchmark reissued a "buy" rating on shares of Tesla in a report on Wednesday, February 11th. Phillip Securities reduced their target price on shares of Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a report on Wednesday. Zacks Research raised shares of Tesla from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th. Truist Financial reduced their target price on shares of Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a report on Thursday, April 2nd. Finally, HSBC began coverage on shares of Tesla in a report on Monday, April 27th. They set a "buy" rating on the stock. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $395.20. Ad Brownstone Research