Image from MarketBeat Media, LLC. Key Points Tobam cut its stake in Tesla by 52.3% in Q2, leaving it with 735 shares valued at about $233,000, while institutional investors collectively own roughly 66.2% of the company. Significant insider selling occurred recently: CFO Vaibhav Taneja sold 2,606 shares and director James R. Murdoch sold 60,000 shares, with insiders offloading a total of 202,606 shares worth about $75.6 million last quarter (insider ownership now ~19.9%). Tesla posted a slight EPS beat ($0.50 vs. $0.48) and revenue of $28.1 billion that topped estimates, but analysts' consensus remains a "Hold" with an average target near $391.08 despite several raised price targets. Rivian’s Chart Says Go, But Some Analysts Still Say No Several other hedge funds have also recently added to or reduced their stakes in TSLA. First Merchants Corp boosted its stake 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 purchasing an additional 31 shares in the last quarter. Alaska Wealth Advisors grew its stake in shares of Tesla by 3.4% in the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock worth $313,000 after purchasing an additional 32 shares during the last quarter. KWB Wealth boosted its holdings in 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 buying an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. increased its holdings in shares of Tesla by 3.6% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after buying 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 acquiring an additional 34 shares in the last quarter. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: