Key Points Analysts at Melius have initiated coverage on Tesla with a "buy" rating and a price target of $520.00, suggesting a potential upside of 25.76% from its previous close. Several firms have recently adjusted their price targets for Tesla, with Mizuho setting a target of $450.00 and TD Cowen raising theirs to $509.00, while overall consensus rating stands at "Hold." Tesla's recent earnings report revealed a quarterly EPS of $0.40, missing analysts' expectations, and a year-over-year revenue decline of 11.8% to $22.50 billion. 3 Auto Stocks to Watch as EV and Hybrid Demand Shifts In related news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the transaction, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company's stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 202,606 shares of company stock valued at $75,588,902. Company insiders own 19.90% of the company's stock. Hedge Funds Weigh In On Tesla A number of hedge funds have recently made changes to their positions in TSLA. Means Investment CO. Inc. raised its stake in shares of Tesla by 37.7% in the first quarter. Means Investment CO. Inc. now owns 23,089 shares of the electric vehicle producer's stock worth $5,984,000 after acquiring an additional 6,323 shares during the last quarter. Siren L.L.C. acquired a new stake in shares of Tesla in the first quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC lifted its holdings in Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock worth $3,304,000 after buying an additional 826 shares in the last quarter. Keystone Global Partners LLC bought a new position in Tesla in the 1st quarter valued at $594,000. Finally, Strs Ohio acquired a new stake in shares of Tesla in the 1st quarter valued at $205,495,000. Institutional investors and hedge funds own 66.20% of the company's stock. About Tesla