Link copied to clipboard. First United Bank & Trust grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 76.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,074 shares of the electric vehicle producer's stock after buying an additional 1,328 shares during the period. First United Bank & Trust's holdings in Tesla were worth $976,000 at the end of the most recent reporting period. Get Tesla alerts: 3 Auto Stocks to Watch as EV and Hybrid Demand Shifts Several other hedge funds also recently bought and sold shares of TSLA. Cherry Tree Wealth Management LLC increased its position in Tesla by 86.3% during the first quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 44 shares in the last quarter. First PREMIER Bank increased its position in Tesla by 79.2% during the first quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after buying an additional 42 shares in the last quarter. Newton One Investments LLC increased its position in Tesla by 250.0% during the first quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after buying an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Tesla during the first quarter worth $27,000. Finally, Chelsea Counsel Co. increased its position in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock worth $28,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock. Wall Street Analysts Forecast Growth TSLA has been the subject of several recent research reports. Baird R W raised Tesla from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Dbs Bank lifted their price objective on Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Morgan Stanley reaffirmed an "overweight" rating and issued a $410.00 price objective on shares of Tesla in a research report on Friday, September 5th. Argus reaffirmed a "hold" rating on shares of Tesla in a research report on Monday, June 9th. Finally, Robert W. Baird raised Tesla from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $320.00 to $548.00 in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, twelve have given a Hold rating and nine have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $337.15.