Image from MarketBeat Media, LLC. Key Points Intellectus Partners LLC reduced its stake in Tesla by 5.1%, now owning 69,261 shares valued at approximately $22 million, making it their second largest position. Insiders, including SVP Xiaotong Zhu and Director James R. Murdoch, have recently sold a significant number of shares, with total insider sales exceeding $75 million over the last three months. Tesla reported better-than-expected earnings for the last quarter, posting $0.50 EPS and revenues of $28.1 billion, demonstrating an 11.6% year-over-year increase. MarketBeat Week in Review – 10/27 - 10/31 Other institutional investors have also recently made changes to their positions in the company. Benchmark Financial Wealth Advisors LLC purchased a new stake in shares of Tesla in the second quarter worth $307,000. Burney Co. increased its stake in Tesla by 2.4% in the 2nd quarter. Burney Co. now owns 5,509 shares of the electric vehicle producer's stock worth $1,750,000 after acquiring an additional 127 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of Tesla by 4.0% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 9,309 shares of the electric vehicle producer's stock valued at $2,957,000 after acquiring an additional 358 shares in the last quarter. Telos Capital Management Inc. boosted its position in shares of Tesla by 1.4% during the 2nd quarter. Telos Capital Management Inc. now owns 4,778 shares of the electric vehicle producer's stock valued at $1,518,000 after acquiring an additional 68 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in shares of Tesla by 99.1% during the second quarter. Sigma Planning Corp now owns 52,883 shares of the electric vehicle producer's stock worth $16,799,000 after purchasing an additional 26,318 shares in the last quarter. Institutional investors own 66.20% of the company's stock. Get Tesla alerts: