Image from MarketBeat Media, LLC. Key Points Sierra Summit Advisors LLC increased its stake in Tesla by 10.2% in Q2 to 52,123 shares (about $16.56 million), making Tesla 3.0% of its portfolio and its sixth-largest holding. Tesla beat Q earnings estimates with $0.50 EPS and revenue of $28.10 billion (+11.6% YoY); the stock trades near $391 with a market cap of $1.30 trillion and a high P/E of 260.73, and MarketBeat shows a consensus rating of Hold with an average target of ~$394.31. Insiders have been net sellers recently—about 202,606 shares were sold in the last 90 days (≈$75.6 million), although corporate insiders still own 19.9% of Tesla. Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop? Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. During the same period last year, the company posted $0.72 EPS. The company's revenue was up 11.6% on a year-over-year basis. As a group, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Wall Street Analysts Forecast Growth A number of research analysts recently weighed in on TSLA shares. China Renaissance upped their price objective on Tesla from $349.00 to $380.00 and gave the stock a "hold" rating in a report on Friday, October 24th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of Tesla in a research note on Thursday, October 23rd. TD Cowen increased their price target on shares of Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Piper Sandler boosted their price objective on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Finally, President Capital increased their target price on shares of Tesla from $373.00 to $529.00 and gave the company a "buy" rating in a report on Wednesday, October 29th. One 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 assigned a Sell rating to the company's stock. According to MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $394.31.