Key Points Nordea Investment Management AB reduced its stake in Tesla, Inc. by 4.4% in Q2, owning 1,366,620 shares valued at approximately $439 million after selling 62,217 shares. Tesla reported a quarterly EPS of $0.40, missing expectations, and its revenue fell by 11.8% year-over-year, totaling $22.50 billion. Shares of Tesla are currently priced at $439.31, with a market cap of $1.46 trillion and analysts maintaining a consensus rating of "Hold". 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 analysts' consensus estimates of $0.43 by ($0.03). The company had revenue of $22.50 billion during the quarter, compared to analysts' expectations of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The business's quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. On average, analysts expect that Tesla, Inc. will post 2.56 EPS for the current year. Analyst Ratings Changes A number of research analysts have issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Tesla in a research note on Wednesday, October 8th. Melius initiated coverage on Tesla in a report on Monday, October 13th. They issued a "buy" rating and a $520.00 target price for the company. Canaccord Genuity Group lifted their target price on Tesla from $333.00 to $490.00 and gave the stock a "buy" rating in a report on Tuesday, September 30th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, July 24th. Finally, TD Cowen lifted their target price on Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have assigned a Sell rating to the company's stock. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus price target of $363.54.