Key Points Freedom Investment Management Inc. reduced its Tesla shares by 17.1%, selling 1,387 shares in the second quarter, resulting in holdings valued at approximately $2.14 million. Insider trading saw significant activity with SVP Xiaotong Zhu and CFO Vaibhav Taneja selling 20,000 and 2,606 shares respectively, leading to decreases of 29.59% and 20.91% in their holdings. Analysts have varying outlooks on Tesla, with price targets ranging from $175.00 to $450.00, reflecting a consensus rating of "Hold." Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? A number of other hedge funds also recently bought and sold shares of the business. First Merchants Corp raised its stake in 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 purchasing an additional 31 shares in the last quarter. Alaska Wealth Advisors raised its stake in Tesla by 3.4% during the second quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after purchasing an additional 32 shares in the last quarter. KWB Wealth raised its stake in shares of Tesla by 2.4% in the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock valued at $439,000 after acquiring an additional 33 shares during the period. Conrad Siegel Investment Advisors Inc. raised its stake in shares of Tesla by 3.6% in the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after acquiring an additional 34 shares during the period. Finally, Guyasuta Investment Advisors Inc. raised its stake in shares of Tesla by 0.7% in the second quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer's stock valued at $1,622,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: