Share on Stocktwits China Universal Asset Management Co. Ltd. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 8.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,504 shares of the electric vehicle producer’s stock after purchasing an additional 3,935 shares during the period. Tesla makes up approximately 1.8% of China Universal Asset Management Co. Ltd.’s portfolio, making the stock its 9th largest position. China Universal Asset Management Co. Ltd.’s holdings in Tesla were worth $21,571,000 at the end of the most recent quarter. Get Tesla alerts: A number of other institutional investors also recently added to or reduced their stakes in the business. Chapman Financial Group LLC purchased a new position in Tesla in the second quarter worth $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Tesla in the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the second quarter valued at about $30,000. ESL Trust Services LLC boosted its holdings in 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 buying an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in Tesla in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 66.20% of the company’s stock. Insiders Place Their Bets In other Tesla news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the transaction, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the sale, the director directly owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,457 shares of company stock valued at $53,501,145 over the last quarter. Company insiders own 19.90% of the company’s stock. Key Tesla News