Image from MarketBeat Media, LLC. Key Points M Holdings Securities Inc. boosted its Tesla stake by 161.5% in Q2 to 55,695 shares (about $17.885M), making TSLA roughly 3.1% of its portfolio and the firm's fifth-largest holding. Other institutions moved heavily too — notably Norges Bank opened a new Tesla position worth about $11.84 billion, and hedge funds/institutions now own roughly 66.2% of the company. Tesla recently beat the quarter's estimates (EPS $0.50 vs $0.48; revenue $28.10B vs $24.98B), trades near $454 with a market cap of ~$1.51T and a PE of ~303, while analysts' consensus rating is "Hold" with an average price target of $398.92. Uber Gets a Street-High Upgrade as Robotaxis Roll Out in Dallas 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 the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.Tesla's revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, sell-side analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analysts Forecast Growth Several equities analysts have weighed in on TSLA shares. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $320.00 to $548.00 in a report on Friday, September 19th. Wall Street Zen upgraded Tesla from a "sell" rating to a "hold" rating in a report on Saturday, October 25th. Piper Sandler raised their target price on Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a research note on Monday, September 22nd. BNP Paribas upped their price target on Tesla from $307.00 to $313.00 in a research note on Monday. Finally, Benchmark reiterated a "buy" rating on shares of Tesla in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $398.92.