Link copied to clipboard. Triton Wealth Management PLLC acquired a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,097 shares of the electric vehicle producer's stock, valued at approximately $3,083,000. Tesla accounts for approximately 1.3% of Triton Wealth Management PLLC's portfolio, making the stock its 14th largest holding. Get Tesla alerts: Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Cherry Tree Wealth Management LLC boosted its position in shares of 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 during the period. First PREMIER Bank raised its stake in Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC boosted its position in Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 75 shares during the period. Arcadia Investment Management Corp MI bought a new position in shares of Tesla in the first quarter worth $27,000. Finally, Chelsea Counsel Co. increased 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 during the period. Institutional investors own 66.20% of the company's stock. Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on the stock. Melius started coverage on shares of Tesla in a research report on Monday. They issued a "buy" rating and a $520.00 target price for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $355.00 price objective on shares of Tesla in a report on Friday, October 3rd. Dbs Bank raised their price objective on shares of Tesla from $300.00 to $450.00 in a research note on Wednesday, September 17th. Evercore ISI upped their target price on Tesla from $235.00 to $300.00 and gave the stock an "in-line" rating in a research report on Monday. Finally, Royal Bank Of Canada lifted their price target on Tesla from $325.00 to $500.00 and gave the company an "outperform" rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $363.03.