Image from MarketBeat Media, LLC. Key Points Avantax Advisory Services increased its stake in Tesla by 10.9% in Q2 to 183,083 shares valued at $58,158,000, and other institutions likewise boosted positions as institutional ownership stands at 66.20%. Significant insider selling occurred recently — CFO Vaibhav Taneja sold 2,606 shares and Director James R. Murdoch sold 60,000 shares — with insiders offloading 202,606 shares (about $75.59M) in the past 90 days while still owning 19.90% of the company. Tesla reported an earnings beat (EPS $0.50 vs. $0.48 estimate) and $28.10B revenue, the stock trades near $404 with a market cap of roughly $1.34 trillion and an average analyst rating of "Hold" (average price target $393.61). Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? Other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC grew its holdings in Tesla by 9.7% during the second quarter. Intech Investment Management LLC now owns 536,510 shares of the electric vehicle producer's stock worth $170,428,000 after acquiring an additional 47,349 shares during the period. MJP Associates Inc. ADV boosted its position in shares of Tesla by 28.2% during the 2nd quarter. MJP Associates Inc. ADV now owns 6,374 shares of the electric vehicle producer's stock worth $2,025,000 after purchasing an additional 1,402 shares in the last quarter. Union Savings Bank grew its stake in shares of Tesla by 15.9% during the 2nd quarter. Union Savings Bank now owns 735 shares of the electric vehicle producer's stock worth $227,000 after purchasing an additional 101 shares during the period. Fusion Capital LLC increased its holdings in shares of Tesla by 23.7% in the 2nd quarter. Fusion Capital LLC now owns 1,463 shares of the electric vehicle producer's stock valued at $465,000 after purchasing an additional 280 shares in the last quarter. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of Tesla by 7.4% in the second quarter. New England Capital Financial Advisors LLC now owns 1,149 shares of the electric vehicle producer's stock valued at $365,000 after purchasing an additional 79 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Get Tesla alerts: