Image from MarketBeat Media, LLC. Pinnacle Associates Ltd. lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,717 shares of the electric vehicle producer's stock after buying an additional 4,739 shares during the period. Pinnacle Associates Ltd.'s holdings in Tesla were worth $17,699,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla Stock: The Bulls Are Winning…For Now Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Brighton Jones LLC increased its stake in Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC increased its stake in Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock valued at $2,147,000 after buying an additional 931 shares during the period. Bison Wealth LLC increased its stake in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after buying an additional 3,558 shares during the period. Golden State Wealth Management LLC increased its stake in Tesla by 6.4% during the 1st quarter. Golden State Wealth Management LLC now owns 17,619 shares of the electric vehicle producer's stock valued at $4,566,000 after buying an additional 1,053 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in Tesla by 16.5% during the 1st quarter. DAVENPORT & Co LLC now owns 47,341 shares of the electric vehicle producer's stock valued at $12,269,000 after buying an additional 6,721 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total value of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. This represents a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the transaction, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 202,606 shares of company stock worth $75,588,902. 19.90% of the stock is owned by company insiders. Tesla Stock Performance