Image from MarketBeat Media, LLC. Key Points King Wealth Management Group increased its position in Tesla by 146.2% in Q2, owning 2,051 shares valued at roughly $652,000 after buying an additional 1,218 shares. Significant insider selling has occurred recently — CFO Vaibhav Taneja sold 2,606 shares and Director James R. Murdoch sold 120,000 shares, with insiders disposing of 202,606 shares (~$75.6M) over the past 90 days, leaving insiders with 19.90% ownership. Analyst sentiment is mixed: the consensus rating is Hold with a $393.61 average price target, while Tesla recently beat quarterly estimates with $28.10 billion in revenue and $0.50 EPS. Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? Other hedge funds also recently made changes to their positions in the company. Chelsea Counsel Co. increased its position in Tesla by 59.7% in the 1st quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer's stock valued at $28,000 after acquiring an additional 40 shares in the last quarter. LGT Financial Advisors LLC bought a new position in Tesla during the 2nd quarter worth approximately $29,000. Evergreen Private Wealth LLC increased its position in shares of Tesla by 270.0% in the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer's stock valued at $35,000 after buying an additional 81 shares in the last quarter. Glynn Capital Management LLC bought a new position in shares of Tesla during the 2nd quarter valued at about $35,000. Finally, Pacific Center for Financial Services boosted its holdings in shares of Tesla by 44.7% in the first quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer's stock valued at $39,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: