Image from MarketBeat Media, LLC. Texas Permanent School Fund Corp cut its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 32.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 220,203 shares of the electric vehicle producer's stock after selling 104,981 shares during the quarter. Tesla comprises approximately 0.7% of Texas Permanent School Fund Corp's portfolio, making the stock its 13th largest holding. Texas Permanent School Fund Corp's holdings in Tesla were worth $69,950,000 as of its most recent SEC filing. Get Tesla alerts: MarketBeat Week in Review – 12/8 - 12/12 Several other hedge funds have also made changes to their positions in the business. Chapman Financial Group LLC acquired a new position in Tesla in the 2nd quarter valued at about $26,000. Chelsea Counsel Co. grew its stake in shares of 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 purchasing an additional 40 shares during the last quarter. LGT Financial Advisors LLC acquired a new position in shares of Tesla in the second quarter valued at approximately $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the second quarter valued at approximately $30,000. Finally, ESL Trust Services LLC raised its stake in shares of Tesla by 1,900.0% during the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer's stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock. Insider Buying and Selling at Tesla In other Tesla news, Director Kimbal Musk sold 56,820 shares of the business's stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company's stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 19.90% of the company's stock. Wall Street Analyst Weigh In