Image from MarketBeat Media, LLC. Key Points Signal Advisors Wealth LLC cut its Tesla stake by 23.8% in Q3, selling 4,202 shares and leaving 13,471 shares worth about $5.99 million. Notable insider selling: CFO Vaibhav Taneja sold 2,637 shares (~$1.17M) and director Kimbal Musk sold 56,820 shares (~$25.6M); insiders now own ~19.90% of Tesla. Tesla recently beat quarterly estimates (EPS $0.50 vs. $0.48; revenue $28.1B) but trades with a $1.60T market cap and a consensus "Hold" rating with a $404.14 price target. Is Tesla Overvalued? 2 Reasons It Might Be a Bargain Tesla (NASDAQ:TSLA - Get Free Report) last announced 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 the consensus estimate of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.72 earnings per share. Research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year. Wall Street Analysts Forecast Growth Several brokerages have recently issued reports on TSLA. Needham & Company LLC reaffirmed a "hold" rating on shares of Tesla in a report on Thursday, October 23rd. Benchmark restated a "buy" rating on shares of Tesla in a research report on Thursday, October 23rd. Wedbush reiterated an "outperform" rating and set a $600.00 price objective on shares of Tesla in a research report on Monday, December 15th. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a report on Thursday, October 30th. Finally, TD Cowen increased their price target on shares of Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $404.14.