Tesla shares bumped higher in early Thursday trading following a disappointing fourth quarter earnings update that was somewhat offset by a bullish outlook from CEO Elon Musk, triggering a host of price target changes from analysts on Wall Street.

Tesla (TSLA) released its fourth-quarter earnings yesterday, Jan. 29. The company missed both the top-line and bottom-line estimates in the quarter, and the commentary on its short-term outlook wasn’t particularly convincing.

Key Takeaways Tesla shares gained ground in extended trading on Wednesday as optimism over the automaker's self-driving outlook trumped fourth-quarter results that came in below Wall Street’s expectations.