Key Points Melius Research has upgraded Tesla's stock rating to a "strong-buy," indicating increased confidence in the company's future performance. Multiple analysts have set various price targets for Tesla, with Morgan Stanley at $410, JPMorgan at $150, and Stifel Nicolaus at $483, reflecting a range of optimistic views on the stock. Despite the upgrades, Tesla's shares recently opened at $429.24, down 1.5%, and the company reported a decline in revenue compared to the same quarter last year. Tesla Trading Down 1.5% Shares of Tesla stock opened at $429.24 on Monday. The stock has a fifty day simple moving average of $380.91 and a 200 day simple moving average of $330.17. Tesla has a 12-month low of $212.11 and a 12-month high of $488.54. The company has a market capitalization of $1.43 trillion, a P/E ratio of 248.12, a price-to-earnings-growth ratio of 15.71 and a beta of 2.08. The company has a current ratio of 2.04, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $23.18 billion. During the same quarter last year, the company posted $0.52 EPS. The company's quarterly revenue was down 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tesla will post 2.56 earnings per share for the current fiscal year. Insider Buying and Selling In other news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares of the company's stock, valued at approximately $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the sale, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock worth $75,588,902 in the last ninety days. 19.90% of the stock is owned by insiders. Institutional Investors Weigh In On Tesla Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares in the last quarter. Norges Bank bought a new stake in Tesla in the second quarter worth $11,839,824,000. Goldman Sachs Group Inc. boosted its holdings in Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after acquiring an additional 20,291,139 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Tesla by 5.9% in the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer's stock worth $6,424,705,000 after acquiring an additional 1,134,678 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors. Tesla Company Profile