Link copied to clipboard. Delap Wealth Advisory LLC reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 78.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 700 shares of the electric vehicle producer's stock after selling 2,598 shares during the period. Delap Wealth Advisory LLC's holdings in Tesla were worth $222,000 as of its most recent filing with the Securities & Exchange Commission. Get Tesla alerts: Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 acquiring an additional 31 shares in the last quarter. KWB Wealth raised its position in Tesla by 2.4% during the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock valued at $439,000 after purchasing an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. raised its position in Tesla by 3.6% during the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after purchasing an additional 34 shares in the last quarter. Guyasuta Investment Advisors Inc. raised its position in Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after purchasing an additional 34 shares in the last quarter. Finally, Acorn Creek Capital LLC raised its position in Tesla by 1.6% during the 2nd quarter. Acorn Creek Capital LLC now owns 2,194 shares of the electric vehicle producer's stock valued at $697,000 after purchasing an additional 34 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Insider Activity at Tesla In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, the chief financial officer directly owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the transaction, the senior vice president owned 47,600 shares of the company's stock, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 in the last three months. 19.90% of the stock is owned by insiders. Analysts Set New Price Targets