Image from MarketBeat Media, LLC. Key Points Bay Colony Advisory Group Inc increased its holdings in Tesla, Inc. by 5.4% during the second quarter, now owning 18,239 shares valued at approximately $5.79 million. Several hedge funds, including First Merchants Corp and Alaska Wealth Advisors, also boosted their positions in Tesla in the same quarter, indicating a growing interest among institutional investors. Insider sales include Director James R. Murdoch selling 120,000 shares for over $42 million, representing a 14.69% decrease in his ownership stake. Tesla Stock: The Bulls Are Winning…For Now Several other hedge funds have also recently added to or reduced their stakes in the business. First Merchants Corp increased its holdings in Tesla by 1.3% during the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock valued at $767,000 after acquiring an additional 31 shares in the last quarter. Alaska Wealth Advisors increased its holdings in Tesla by 3.4% during the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after acquiring an additional 32 shares in the last quarter. KWB Wealth increased its holdings in Tesla by 2.4% during the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock valued at $439,000 after acquiring an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. increased its holdings in Tesla by 3.6% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after acquiring an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its stake in shares of Tesla by 0.7% during the 2nd 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 during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Get Tesla alerts: