Image from MarketBeat Media, LLC. Key Points Slagle Financial opened a new position in Tesla during Q2, buying 1,047 shares worth about $333,000 as part of broader institutional ownership (institutions own 66.20% of TSLA). Insiders have been net sellers: SVP Xiaotong Zhu sold 20,000 shares (~$7.28M) and CFO Vaibhav Taneja sold 2,606 shares (~$918k), with insiders offloading 202,606 shares (~$75.6M) over the last quarter while still owning 19.90% of the company. Tesla beat recent expectations—the firm reported $0.50 EPS vs. $0.48 expected and $28.10B revenue vs. $24.98B expected—and currently carries a MarketBeat consensus rating of "Hold" with a $394.31 price target. These 3 Beaten-Down Stocks Could Be Your Best Buying Opportunity This Quarter Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. First Merchants Corp grew 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 worth $767,000 after acquiring an additional 31 shares during the last quarter. Alaska Wealth Advisors raised its position in Tesla by 3.4% during 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 lifted 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 worth $439,000 after buying an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. grew its position in shares of Tesla by 3.6% in the 2nd 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 during the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its stake in shares of Tesla by 0.7% in the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after buying an additional 34 shares during the period. 66.20% of the stock is currently owned by institutional investors. Get Tesla alerts: