Key Points Covenant Partners LLC increased its Tesla holdings by 144.7% during the second quarter, owning a total of 2,904 shares worth approximately $922,000. Several institutional investors have also boosted their stakes in Tesla, contributing to a total of 66.20% of the company's stock being owned by hedge funds and other investors. Tesla reported a quarterly earnings miss with earnings per share at $0.40, below analysts' expectations of $0.43, and revenue of $22.50 billion, falling short of estimates of $23.18 billion. Happy Third Birthday to the Bull Market Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, sell-side analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Wall Street Analysts Forecast Growth TSLA has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of Tesla from $305.00 to $341.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Mizuho boosted their target price on shares of Tesla from $375.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 23rd. Benchmark reissued a "buy" rating and set a $475.00 target price (up previously from $350.00) on shares of Tesla in a research note on Thursday, June 26th. Melius started coverage on shares of Tesla in a research note on Monday, October 13th. They set a "buy" rating and a $520.00 target price for the company. Finally, Baird R W raised shares of Tesla from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and ten have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus price target of $363.54.