Image from MarketBeat Media, LLC. Farnam Financial LLC lowered its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 19.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,551 shares of the electric vehicle producer's stock after selling 600 shares during the quarter. Farnam Financial LLC's holdings in Tesla were worth $810,000 as of its most recent filing with the Securities and Exchange Commission. Get Tesla alerts: Tesla Just Got Called a “Must Own” Stock—Here’s Why Other hedge funds have also recently added to or reduced their stakes in the company. First Merchants Corp raised its stake in shares of Tesla by 1.3% during the second 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. Kaye Capital Management increased its stake in Tesla by 3.1% during the 2nd quarter. Kaye Capital Management now owns 1,047 shares of the electric vehicle producer's stock valued at $333,000 after buying an additional 31 shares during the period. Spectrum Wealth Advisory Group LLC increased its stake in Tesla by 3.4% during the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 941 shares of the electric vehicle producer's stock valued at $299,000 after buying an additional 31 shares during the period. Wambolt & Associates LLC lifted its stake in shares of Tesla by 1.0% in the 2nd quarter. Wambolt & Associates LLC now owns 3,119 shares of the electric vehicle producer's stock worth $938,000 after acquiring an additional 31 shares during the period. Finally, Alaska Wealth Advisors boosted its holdings in shares of Tesla by 3.4% in the second 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. Institutional investors own 66.20% of the company's stock. Tesla Price Performance NASDAQ TSLA opened at $426.58 on Thursday. The company has a 50 day simple moving average of $433.68 and a 200-day simple moving average of $367.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 284.39, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54.