Image from MarketBeat Media, LLC. Key Points Souders Financial Advisors increased its stake in Tesla by 15.8%, owning 5,990 shares worth approximately $1.9 million by the end of the second quarter. Tesla's stock opened at $462.07, with a 12-month high of $488.54 and a quarterly revenue of $28.10 billion, surpassing analyst expectations. Recent analyst ratings vary, with Barclays maintaining a "negative" rating at a target price of $350, while Cantor Fitzgerald set a target of $510 with an "overweight" rating. Amazon vs. Apple: Which Mag 7 Is the Better Buy? Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the prior year, the business posted $0.72 EPS. Tesla's quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Analyst Upgrades and Downgrades A number of research analysts have issued reports on the stock. Barclays reaffirmed a "negative" rating and issued a $350.00 target price (up from $275.00) on shares of Tesla in a report on Thursday, October 16th. Cantor Fitzgerald set a $510.00 target price on shares of Tesla and gave the stock an "overweight" rating in a research note on Thursday, October 23rd. New Street Research lifted their price target on shares of Tesla from $465.00 to $520.00 and gave the company a "buy" rating in a report on Thursday, October 23rd. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, October 23rd. Finally, William Blair reiterated a "market perform" rating on shares of Tesla in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $391.08.