Link copied to clipboard. Paragon Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 75.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,051 shares of the electric vehicle producer's stock after acquiring an additional 3,878 shares during the quarter. Paragon Advisors LLC's holdings in Tesla were worth $2,875,000 at the end of the most recent reporting period. Get Tesla alerts: Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? Other hedge funds and other institutional investors have also modified their holdings of the company. Arcadia Investment Management Corp MI acquired a new position in shares of Tesla in the first quarter worth about $27,000. Chelsea Counsel Co. boosted its holdings in shares of Tesla by 59.7% in 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 during the period. Centennial Bank AR boosted its holdings in shares of Tesla by 833.3% in the first quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after buying an additional 100 shares during the period. LGT Financial Advisors LLC acquired a new position in Tesla in the 2nd quarter worth approximately $29,000. Finally, Compass Wealth Management LLC boosted its stake in Tesla by 360.0% in the 1st quarter. Compass Wealth Management LLC now owns 115 shares of the electric vehicle producer's stock worth $30,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock. Insider Activity at Tesla In other Tesla news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company's stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at $17,314,500. This represents a 29.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 202,606 shares of company stock valued at $75,588,902. Insiders own 19.90% of the company's stock. Tesla Stock Down 0.8%