Image from MarketBeat Media, LLC. Key Points Bristlecone Advisors trimmed its Tesla stake by 5.3% in Q3 to 21,823 shares (≈$9.7M), while large institutions like Vanguard and Norges Bank continue to hold sizable positions — institutional ownership stands at about 66.2%. Notable insider selling: CFO Vaibhav Taneja and director Kimbal Musk recently sold shares, and insiders have sold 119,457 shares (~$53.5M) in the past 90 days, leaving insiders with roughly 19.9% ownership. Fundamentals and sentiment: Tesla beat Q3 expectations (EPS $0.50 vs $0.48; revenue $28.1B vs $24.98B), but analysts hold a consensus "Hold" rating with an average price target of $408.54, below the current share price (~$447). America’s New Favorite EV Isn’t Tesla—and the Stock May Surprise A number of other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Tesla in the second quarter worth about $11,839,824,000. Kingstone Capital Partners Texas LLC raised its position in shares of Tesla by 581,880.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock worth $2,044,683,000 after buying an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Amundi boosted its holdings in shares of Tesla by 20.4% in the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer's stock valued at $6,374,284,000 after acquiring an additional 3,422,270 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock valued at $20,480,477,000 after acquiring an additional 1,269,304 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: