Link copied to clipboard. Patten & Patten Inc. TN reduced its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 36.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,388 shares of the electric vehicle producer's stock after selling 1,343 shares during the period. Patten & Patten Inc. TN's holdings in Tesla were worth $758,000 at the end of the most recent quarter. Get Tesla alerts: Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic? A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Tesla by 1.5% in the first quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after purchasing an additional 3,694,524 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tesla by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock worth $4,710,218,000 after purchasing an additional 849,091 shares in the last quarter. Amundi boosted its position in shares of Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Tesla by 17.6% during the first quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer's stock worth $3,832,047,000 after acquiring an additional 2,211,300 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of brokerages recently weighed in on TSLA. UBS Group set a $247.00 target price on shares of Tesla in a research report on Monday, October 6th. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $320.00 to $548.00 in a research report on Friday, September 19th. Melius Research set a $520.00 target price on shares of Tesla and gave the stock a "buy" rating in a research report on Monday. Cantor Fitzgerald restated an "overweight" rating and set a $355.00 target price on shares of Tesla in a research report on Friday, October 3rd. Finally, Benchmark restated a "buy" rating and set a $475.00 target price (up previously from $350.00) on shares of Tesla in a research report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have issued a Hold rating and ten have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $363.54.