Image from MarketBeat Media, LLC. East Coast Asset Management LLC. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,379 shares of the electric vehicle producer's stock after acquiring an additional 6,610 shares during the period. Tesla makes up approximately 6.3% of East Coast Asset Management LLC.'s portfolio, making the stock its 5th largest position. East Coast Asset Management LLC.'s holdings in Tesla were worth $18,862,000 at the end of the most recent quarter. Get Tesla alerts: MarketBeat Week in Review – 12/8 - 12/12 Several other hedge funds and other institutional investors have also added to or reduced their stakes in TSLA. Chelsea Counsel Co. lifted its holdings in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. LGT Financial Advisors LLC bought a new position in Tesla during the 2nd quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new stake in Tesla during the second quarter valued at $30,000. ESL Trust Services LLC lifted its holdings in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. Finally, Evergreen Private Wealth LLC boosted its position in Tesla by 270.0% in the second quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock worth $35,000 after purchasing an additional 81 shares during the last quarter. 66.20% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades Several brokerages have recently weighed in on TSLA. Morgan Stanley set a $425.00 price objective on shares of Tesla and gave the stock an "equal weight" rating in a research note on Sunday, December 7th. Melius Research set a $520.00 target price on shares of Tesla and gave the company a "buy" rating in a report on Monday, October 13th. Truist Financial boosted their price objective on shares of Tesla from $280.00 to $406.00 and gave the company a "hold" rating in a research report on Thursday, October 23rd. Stifel Nicolaus raised their target price on shares of Tesla from $483.00 to $508.00 and gave the stock a "buy" rating in a research note on Monday, November 17th. Finally, The Goldman Sachs Group dropped their price target on shares of Tesla from $425.00 to $400.00 and set a "neutral" rating for the company in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $399.33.