Image from MarketBeat Media, LLC. Key Points BLB&B Advisors LLC has reduced its stake in Tesla, Inc. by 23.7%, owning 4,469 shares valued at approximately $1.42 million after selling 1,389 shares in the second quarter. Several hedge funds have increased their stakes in Tesla, with Vanguard Group purchasing an additional 3.7 million shares, raising its holdings to a total of nearly $64 billion. Tesla's recent earnings report showed a profit of $0.50 per share, exceeding analysts' expectations, with revenue of $28.10 billion for the quarter, marking an 11.6% year-over-year increase. Tesla Stock: The Bulls Are Winning…For Now Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Tesla by 1.5% during the 1st 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 holdings in shares of Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $6,891,201,000 after acquiring an additional 20,291,139 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Tesla by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,174,941 shares of the electric vehicle producer's stock valued at $4,710,218,000 after acquiring an additional 849,091 shares during the last quarter. Amundi increased its holdings in shares of Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Tesla by 17.6% during the 1st quarter. Invesco Ltd. now owns 14,786,414 shares of the electric vehicle producer's stock valued at $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. Get Tesla alerts: