Institutional Investors Expand Tesla Stakes

Several investment firms reported new or increased positions in Tesla during the third quarter, including St. Louis Financial Planners Asset Management, TD Waterhouse Canada, AlphaStar Capital Management, TB Alternative Assets and Cornerstone Wealth Advisors. The filings add to other institutional buying reported in the articles, while institutional investors collectively held about 66.2% of Tesla shares. Analyst views cited in one report were mixed, ranging from a raised buy rating to hold and market-perform ratings.