Image from MarketBeat Media, LLC. Key Points Wedbush reduced its Tesla stake by 5.0% in Q2 to 72,510 shares (≈$23.03M), making TSLA about 0.8% of its portfolio and its 15th largest holding. Insider selling has been significant: insiders sold 202,606 shares worth $75.59M in the last 90 days, including SVP Xiaotong Zhu (20,000 shares) and Director James R. Murdoch (60,000 shares), with insiders now owning 19.90% of the company. Analyst views are mixed: Tesla's consensus rating is "Hold" with an average target price of $391.08, based on 1 Strong Buy, 21 Buy, 13 Hold and 11 Sell ratings. Rivian’s Chart Says Go, But Some Analysts Still Say No Several other hedge funds and other institutional investors have also made changes to their positions in the company. Chancellor Financial Group WB LP raised its stake in Tesla by 9.8% in the 2nd quarter. Chancellor Financial Group WB LP now owns 1,785 shares of the electric vehicle producer's stock valued at $567,000 after purchasing an additional 160 shares during the last quarter. Rovin Capital UT ADV grew its holdings in shares of Tesla by 4.3% during the second quarter. Rovin Capital UT ADV now owns 3,276 shares of the electric vehicle producer's stock worth $1,041,000 after buying an additional 136 shares in the last quarter. Harvest Portfolios Group Inc. raised its position in shares of Tesla by 107.8% in the second quarter. Harvest Portfolios Group Inc. now owns 319,450 shares of the electric vehicle producer's stock valued at $101,476,000 after buying an additional 165,744 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of Tesla by 103.1% in the second quarter. Vestmark Advisory Solutions Inc. now owns 136,243 shares of the electric vehicle producer's stock worth $43,279,000 after buying an additional 69,149 shares in the last quarter. Finally, RPS Advisory Solutions LLC purchased a new stake in Tesla during the 2nd quarter valued at about $263,000. Hedge funds and other institutional investors own 66.20% of the company's stock. Get Tesla alerts: