Image from MarketBeat Media, LLC. Key Points Norges Bank acquired 37,272,002 shares of Tesla (~$11.84 billion) in Q2, making Tesla roughly 1.5% of its portfolio and its eighth-largest holding (Norges Bank owned 1.16% of Tesla at quarter end). Other large institutions—including Vanguard, Geode and Goldman Sachs—also increased positions in Tesla, contributing to institutional ownership of about 66.20% of the stock. Insiders have sold 82,606 shares (~$33.55 million) in the past 90 days but still own 19.90% of Tesla, while analysts show mixed views with a consensus "Hold" rating and a $394.03 average target (individual targets vary widely). Tesla Just Got Called a “Must Own” Stock—Here’s Why Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock valued at $79,856,764,000 after buying an additional 4,502,976 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Tesla by 2.0% in the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer's stock worth $20,480,477,000 after acquiring an additional 1,269,304 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after purchasing an additional 20,291,139 shares during the last quarter. Legal & General Group Plc grew its stake in Tesla by 5.9% during the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer's stock valued at $6,424,705,000 after purchasing an additional 1,134,678 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Tesla by 2.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,576,698 shares of the electric vehicle producer's stock valued at $5,901,074,000 after purchasing an additional 401,757 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds. Get Tesla alerts: