Key Points First Citizens Bank & Trust Co. increased its stake in Tesla by 25.3%, owning 63,113 shares worth approximately $20.05 million at the end of the quarter. Tesla reported $28.10 billion in revenue for the latest quarter, exceeding analyst expectations of $24.98 billion, and posted $0.50 earnings per share, beating the consensus estimate. The company's stock opened at $438.97, with a 52-week range between $212.11 and $488.54. Happy Third Birthday to the Bull Market Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 6.54% and a return on equity of 7.98%. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. The company's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year. Analyst Upgrades and Downgrades TSLA has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Tesla in a report on Wednesday, October 8th. HSBC lifted their price objective on shares of Tesla from $120.00 to $127.00 in a research note on Monday, September 29th. Canaccord Genuity Group cut their target price on shares of Tesla from $490.00 to $482.00 and set a "buy" rating for the company in a research note on Thursday. Piper Sandler raised their target price on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a report on Monday, September 22nd. Finally, Cantor Fitzgerald set a $510.00 price target on Tesla in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $375.50.