Image from MarketBeat Media, LLC. Swiss National Bank increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,763,075 shares of the electric vehicle producer's stock after acquiring an additional 614,600 shares during the quarter. Tesla comprises 1.7% of Swiss National Bank's holdings, making the stock its 8th biggest position. Swiss National Bank owned 0.27% of Tesla worth $2,783,678,000 at the end of the most recent reporting period. Get Tesla alerts: Is Tesla Setting Up for a Year-End Rebound—or a Collapse? Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. On average, sell-side analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Ratings Changes Several research firms have weighed in on TSLA. BNP Paribas Exane initiated coverage on shares of Tesla in a research report on Thursday, October 16th. They set an "underperform" rating and a $307.00 target price on the stock. Melius Research set a $520.00 price objective on shares of Tesla and gave the company a "buy" rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research report on Thursday, October 30th. Industrial Alliance Securities set a $300.00 price objective on Tesla in a report on Monday, October 13th. Finally, Evercore ISI raised their price objective on Tesla from $235.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have issued a Hold rating and ten have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and an average target price of $394.31.