Key Points Griffin Asset Management Inc. increased its stake in Tesla, Inc. by 12% during the second quarter, now holding 5,478 shares valued at approximately $1.74 million. Director James R. Murdoch sold 60,000 shares of Tesla stock, a transaction worth over $25 million, reducing his ownership by 8.61%. Tesla's recent earnings report revealed a quarterly revenue drop of 11.8% year-over-year, with earnings per share at $0.40, missing analyst estimates. Lithium Americas: Why This 31% Rally Is More Than Just a Headline Other institutional investors have also recently added to or reduced their stakes in the company. First Merchants Corp grew its stake in shares of Tesla by 1.3% in the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after acquiring an additional 31 shares in the last quarter. KWB Wealth grew its stake in shares of Tesla by 2.4% during the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after purchasing an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. grew its stake in shares of Tesla by 3.6% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after purchasing an additional 34 shares in the last quarter. Guyasuta Investment Advisors Inc. grew its stake in shares of Tesla by 0.7% during the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock worth $1,622,000 after purchasing an additional 34 shares in the last quarter. Finally, Acorn Creek Capital LLC grew its stake in shares of Tesla by 1.6% during the second quarter. Acorn Creek Capital LLC now owns 2,194 shares of the electric vehicle producer's stock worth $697,000 after purchasing an additional 34 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: