Image from MarketBeat Media, LLC. Key Points China Universal Asset Management cut its stake in Tesla by 17.5% in Q2, selling 9,479 shares to hold 44,569 shares worth $14.16 million, about 1.3% of its portfolio and its 13th-largest position. Insiders sold stock: Director Kimbal Musk sold 56,820 shares (~$25.6M) and CFO Vaibhav Taneja sold 2,637 shares (~$1.17M); company insiders now own about 19.90% of Tesla. Tesla trades with a market cap of $1.53 trillion and a P/E of 305.97, and analysts' consensus is an average "Hold" rating with a mean price target of $399.33. Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion for the quarter, compared to the consensus estimate of $24.98 billion. During the same quarter in the prior year, the company earned $0.72 EPS. Tesla's quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analysts Forecast Growth Several equities analysts have issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Tesla from $483.00 to $508.00 and gave the stock a "buy" rating in a report on Monday, November 17th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research report on Thursday, October 30th. Truist Financial upped their target price on Tesla from $280.00 to $406.00 and gave the company a "hold" rating in a research report on Thursday, October 23rd. Mizuho set a $475.00 price target on Tesla and gave the stock an "outperform" rating in a report on Tuesday, November 25th. Finally, Glj Research restated a "sell" rating on shares of Tesla in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $399.33.