Image from MarketBeat Media, LLC. Key Points Nikko Asset Management Americas Inc. trimmed its Tesla stake by 3.1% in Q2 to 1,500,011 shares (worth $476.4M), making TSLA its 6th-largest holding and 4.8% of the firm's portfolio. Tesla posted a Q3 beat (EPS $0.50 vs. $0.48; revenue $28.10B, +11.6% YoY), trades near $459 with a $1.53T market cap and a high valuation (P/E ~306), while analysts' consensus target sits at $399.33. Institutional and insider activity is notable: Norges Bank disclosed a new position valued at about $11.84B, institutional investors own 66.2% of TSLA, and insiders sold roughly 119,457 shares last quarter (insiders now own 19.90%). Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last issued 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. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business's revenue was up 11.6% on a year-over-year basis. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analyst Weigh In TSLA has been the topic of several research reports. Bank of America upped their price target on Tesla from $341.00 to $471.00 and gave the company a "neutral" rating in a research report on Wednesday, October 29th. Melius Research set a $520.00 target price on shares of Tesla and gave the stock a "buy" rating in a report on Monday, October 13th. TD Cowen raised their price target on shares of Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Piper Sandler reaffirmed an "overweight" rating and set a $500.00 price objective on shares of Tesla in a research report on Tuesday. Finally, UBS Group reissued a "sell" rating on shares of Tesla in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla has an average rating of "Hold" and a consensus target price of $399.33.