Image from MarketBeat Media, LLC. Key Points Temasek Holdings cut its Tesla stake by 68.2% in Q2, selling 74,940 shares and leaving 34,950 shares valued at about $11.10 million. At the same time, large institutions made big moves — Norges Bank opened a new Tesla position (~$11.84 billion) and Vanguard owns 251,390,681 shares (~$79.86 billion), with institutions holding 66.20% and insiders 19.90% of the stock. Tesla beat quarterly estimates with $0.50 EPS vs. $0.48 expected and $28.10 billion revenue vs. $24.98 billion expected; the stock trades near $455, with a $1.51 trillion market cap and a P/E of 303.33. Uber Gets a Street-High Upgrade as Robotaxis Roll Out in Dallas Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 6.61% and a net margin of 5.51%.The company's revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.72 EPS. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year. Wall Street Analysts Forecast Growth TSLA has been the subject of several research reports. UBS Group reiterated a "sell" rating on shares of Tesla in a research report on Friday, November 7th. JPMorgan Chase & Co. upped their target price on shares of Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. President Capital raised their price target on shares of Tesla from $373.00 to $529.00 and gave the stock a "buy" rating in a research note on Wednesday, October 29th. Wall Street Zen raised shares of Tesla from a "sell" rating to a "hold" rating in a research note on Saturday, October 25th. Finally, Canaccord Genuity Group decreased their target price on shares of Tesla from $490.00 to $482.00 and set a "buy" rating on the stock in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and nine have given a Sell rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $399.33.