Image from MarketBeat Media, LLC. Key Points Tsai Capital Corp trimmed its Tesla stake by 5.2% in Q2, selling 3,849 shares and now holds 69,566 shares worth about $22.10M, which represents roughly 16.2% of its portfolio and is its second-largest position. Large institutions reweighted holdings: Vanguard increased to 251,390,681 shares (~$79.86B), Norges Bank opened a new ~$11.84B position and Goldman Sachs boosted its stake by 322.1%; institutional investors now own 66.20% of Tesla. Insiders have been selling recently (SVP Xiaotong Zhu sold 20,000 shares; CFO Vaibhav Taneja sold 2,606), with insiders offloading 82,606 shares (~$33.55M) over three months, while Tesla posted a quarterly beat (EPS $0.50 vs $0.48; revenue $28.10B vs $24.98B) and holds a consensus Hold rating with a $394.03 target. Tesla Just Got Called a “Must Own” Stock—Here’s Why Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Tesla by 1.8% in the second 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Tesla by 2.0% in the 2nd 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 during the period. Norges Bank purchased a new position in Tesla in the 2nd quarter valued at approximately $11,839,824,000. Goldman Sachs Group Inc. boosted its position in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in Tesla by 5.9% in the second 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 during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Get Tesla alerts: