Share on Stocktwits CIBC Bancorp USA Inc. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 571,713 shares of the electric vehicle producer’s stock, valued at approximately $254,252,000. Tesla accounts for 0.9% of CIBC Bancorp USA Inc.’s investment portfolio, making the stock its 22nd largest position. Get Tesla alerts: A number of other large investors have also modified their holdings of TSLA. Ariadne Wealth Management LP lifted its position in Tesla by 4.5% in the third quarter. Ariadne Wealth Management LP now owns 2,528 shares of the electric vehicle producer’s stock worth $1,124,000 after purchasing an additional 108 shares during the period. EMC Capital Management increased its holdings in Tesla by 30.0% in the 3rd quarter. EMC Capital Management now owns 1,300 shares of the electric vehicle producer’s stock valued at $578,000 after buying an additional 300 shares during the period. WBI Investments LLC raised its stake in shares of Tesla by 223.1% in the 3rd quarter. WBI Investments LLC now owns 4,485 shares of the electric vehicle producer’s stock valued at $1,995,000 after buying an additional 3,097 shares in the last quarter. Kensington Investment Counsel LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $210,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of Tesla during the 3rd quarter worth about $1,379,000. 66.20% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling In related news, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,995 shares of company stock worth $38,315,650 in the last three months. Insiders own 19.90% of the company’s stock. Key Headlines Impacting Tesla