Image from MarketBeat Media, LLC. FineMark National Bank & Trust reduced its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,052 shares of the electric vehicle producer's stock after selling 1,956 shares during the quarter. FineMark National Bank & Trust's holdings in Tesla were worth $4,464,000 at the end of the most recent quarter. Get Tesla alerts: Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop? Several other hedge funds have also recently added to or reduced their stakes in the business. First Merchants Corp grew its holdings in shares of Tesla by 1.3% in the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer's stock worth $767,000 after acquiring an additional 31 shares during the last quarter. Alaska Wealth Advisors increased its stake in Tesla by 3.4% in the 2nd quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer's stock worth $313,000 after purchasing an additional 32 shares in the last quarter. KWB Wealth increased its stake in 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 purchasing an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. lifted its stake in Tesla by 3.6% during the second quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer's stock valued at $310,000 after buying an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its holdings 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 worth $1,622,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock. Insider Transactions at Tesla In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares in the company, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company's stock. Wall Street Analysts Forecast Growth