Image from MarketBeat Media, LLC. Key Points SCS Capital Management LLC increased its stake in Tesla by 34.4% in Q2, buying 3,063 shares to hold 11,965 shares worth $3.801 million. Insiders have been net sellers: in the last 90 days insiders sold 82,606 shares worth $33.55 million, including Director James R. Murdoch's sale of 60,000 shares (~$25.36M) and CFO Vaibhav Taneja's sale of 2,606 shares. Wall Street's consensus is a Hold with a $398.92 average price target—below the recent trading price (~$455)—while Tesla's market cap is about $1.51 trillion and its P/E is ~303. Uber Gets a Street-High Upgrade as Robotaxis Roll Out in Dallas Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion during the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year. Wall Street Analysts Forecast Growth Several research firms recently issued reports on TSLA. Wall Street Zen upgraded Tesla from a "sell" rating to a "hold" rating in a report on Saturday, October 25th. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Tesla in a research note on Wednesday, November 5th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, October 23rd. Melius Research set a $520.00 price objective on shares of Tesla and gave the company a "buy" rating in a report on Monday, October 13th. 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 assigned 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 $398.92.