Key Points Reliant Investment Management LLC acquired a new stake in Tesla, purchasing 948 shares valued at approximately $301,000 during the 2nd quarter. Tesla's most recent earnings report revealed a EPS of $0.50, surpassing analyst expectations, with quarterly revenues of $28.10 billion, up 11.6% year-over-year. Institutional investors own 66.20% of Tesla's stock, indicating strong investment interest, while hedge fund activities include significant recent sales by insiders. Happy Third Birthday to the Bull Market Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the prior year, the company earned $0.72 EPS. The company's revenue was up 11.6% on a year-over-year basis. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Wall Street Analysts Forecast Growth A number of research firms have weighed in on TSLA. Truist Financial lifted their target price on Tesla from $280.00 to $406.00 and gave the company a "hold" rating in a report on Thursday. JPMorgan Chase & Co. increased their target price on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Tesla in a report on Wednesday, October 8th. Wedbush reaffirmed an "outperform" rating and issued a $600.00 price target on shares of Tesla in a report on Monday. Finally, Daiwa Capital Markets reissued a "neutral" rating on shares of Tesla in a research note on Sunday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $375.50.