Key Points Brookstone Capital Management reduced its stake in Tesla, Inc. by 1.4% in Q2, holding 132,291 shares valued at $42 million after selling 1,933 shares. Tesla reported earnings of $0.40 per share last quarter, missing expectations and indicating an 11.8% revenue decline year-over-year. Analysts have set new price targets for Tesla, with Benchmark raising it to $475, while Morgan Stanley maintains an "overweight" rating on the stock. Happy Third Birthday to the Bull Market 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 analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $23.18 billion. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. On average, equities research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analysts Set New Price Targets A number of brokerages have issued reports on TSLA. Benchmark reiterated a "buy" rating and set a $475.00 price target (up from $350.00) on shares of Tesla in a research note on Thursday, June 26th. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a "buy" rating in a research note on Monday, October 13th. Dbs Bank boosted their price target on shares of Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. Morgan Stanley reiterated an "overweight" rating on shares of Tesla in a research note on Wednesday, October 15th. Finally, Piper Sandler boosted their price target on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have issued a Hold rating and ten have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $363.54.