Key Points SilverOak Wealth Management LLC has acquired a new stake in Tesla, Inc., purchasing 876 shares valued at approximately $278,000 during the second quarter. In the first quarter, other institutional investors made substantial changes to their Tesla holdings, with Means Investment CO. Inc. increasing its stake by 37.7% to own over $5 million worth of shares. Tesla reported a net margin of 6.54% and revenue of $22.50 billion in its last quarterly earnings, falling short of analysts' expectations of $23.18 billion. Happy Third Birthday to the Bull Market Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). Tesla had a net margin of 6.54% and a return on equity of 7.98%. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $23.18 billion. During the same period last year, the company posted $0.52 earnings per share. The business's revenue for the quarter was down 11.8% on a year-over-year basis. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year. Wall Street Analyst Weigh In A number of research firms have issued reports on TSLA. Stifel Nicolaus set a $483.00 target price on Tesla and gave the company a "buy" rating in a research note on Wednesday, October 8th. Glj Research reaffirmed a "sell" rating on shares of Tesla in a research report on Thursday, July 24th. TD Cowen upped their price objective on Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their price objective on Tesla from $115.00 to $150.00 in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada upped their price objective on Tesla from $325.00 to $500.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $363.54.