Image from MarketBeat Media, LLC. RPS Advisory Solutions LLC acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 827 shares of the electric vehicle producer's stock, valued at approximately $263,000. Get Tesla alerts: 3 Reasons Tesla Could Be a $500 Stock by the End of the Month Other hedge funds also recently added to or reduced their stakes in the company. First Merchants Corp raised its holdings in Tesla by 1.3% during the second quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after purchasing an additional 31 shares during the last quarter. Alaska Wealth Advisors increased its position in shares of Tesla by 3.4% in the second quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock valued at $313,000 after buying an additional 32 shares in the last quarter. KWB Wealth boosted its position in shares of Tesla by 2.4% in the 2nd quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer's stock worth $439,000 after buying an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. boosted its position in shares of Tesla by 3.6% in the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock worth $310,000 after buying an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. increased its holdings 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 acquiring an additional 34 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Tesla Trading Down 3.5% Shares of TSLA opened at $445.91 on Friday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $488.54. The firm has a market capitalization of $1.48 trillion, a P/E ratio of 297.27, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. The stock's fifty day simple moving average is $419.05 and its 200 day simple moving average is $353.32.