Key Points Armstrong Fleming & Moore Inc has made a new investment in Tesla, Inc., acquiring 5,682 shares valued at approximately $1.81 million, representing 1.0% of its holdings. Tesla's stock recently experienced a 5.1% drop, with shares currently priced at $413.49 and a market cap of $1.37 trillion. Insider trading activity includes Director James R. Murdoch selling 120,000 shares for over $42 million, indicating a notable decrease in his ownership stake by nearly 14.69%. Lithium Americas: Why This 31% Rally Is More Than Just a Headline Other hedge funds have also recently bought and sold shares of the company. Cherry Tree Wealth Management LLC increased its position in Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 44 shares during the last quarter. First PREMIER Bank grew its position in shares of Tesla by 79.2% in the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC grew its position in shares of Tesla by 250.0% in the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Tesla in the first quarter valued at about $27,000. Finally, Chelsea Counsel Co. grew its position in shares of Tesla by 59.7% in the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds. Get Tesla alerts: