Key Points RFG Advisory LLC increased its holdings in Tesla by 15.3%, adding 2,097 shares, bringing their total investment to $5,015,000. Several other institutional investors also increased their stakes in Tesla, with Cherry Tree Wealth Management's holdings rising by 86.3% and Newton One Investments boosting theirs by 250.0%. Tesla's recent earnings report revealed a missed earnings target of $0.40 per share, compared to the expected $0.43, alongside a year-over-year revenue decline of 11.8%. MarketBeat Week in Review – 09/29 - 10/03 Tesla (NASDAQ:TSLA - Get Free Report) last released its 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). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The business had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. During the same quarter in the previous year, the company earned $0.52 EPS. Tesla's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Ratings Changes Several equities analysts have recently commented on TSLA shares. TD Cowen upped their target price on Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Royal Bank Of Canada upped their target price on Tesla from $325.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, October 10th. Mizuho upped their target price on Tesla from $375.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday, September 23rd. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Thursday, July 24th. Finally, Baird R W raised Tesla from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and eight have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $363.03.