Image from MarketBeat Media, LLC. Evelyn Partners Investment Management LLP lifted its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 177.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,773 shares of the electric vehicle producer's stock after purchasing an additional 9,452 shares during the period. Evelyn Partners Investment Management LLP's holdings in Tesla were worth $4,693,000 at the end of the most recent quarter. Get Tesla alerts: Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop? Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm's revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Analyst Ratings Changes Several equities analysts have recently issued reports on TSLA shares. The Goldman Sachs Group decreased their target price on Tesla from $425.00 to $400.00 and set a "neutral" rating for the company in a research report on Thursday, October 23rd. Melius started coverage on shares of Tesla in a report on Monday, October 13th. They set a "buy" rating and a $520.00 price objective for the company. Truist Financial increased their target price on shares of Tesla from $280.00 to $406.00 and gave the stock a "hold" rating in a report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 target price on Tesla and gave the stock an "overweight" rating in a report on Thursday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Tesla from $440.00 to $470.00 and gave the stock a "buy" rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have assigned a Hold rating and ten have issued a Sell rating to the company's stock. Based on data from MarketBeat, Tesla presently has a consensus rating of "Hold" and an average target price of $394.31.