Baskin Financial Services Inc. has purchased a new stake in Tesla, Inc., acquiring 810 shares valued at about $257,000 during the second quarter. This move is detailed in the firm's latest Form 13F filing with the Securities and Exchange Commission. The investment reflects ongoing interest from institutional investors in the electric vehicle maker.
Baskin Financial Services Inc., an institutional investor, initiated a position in Tesla, Inc. (NASDAQ:TSLA) by buying 810 shares in the second quarter of 2025, according to its most recent Form 13F filing submitted to the Securities and Exchange Commission. The shares were valued at approximately $257,000 at the time of purchase, highlighting the firm's entry into the stock of the prominent electric vehicle producer.
This acquisition occurs amid broader institutional activity in Tesla. For context, 66.20% of Tesla's stock is currently held by institutional investors, underscoring significant collective interest. In the first quarter, other firms adjusted their holdings: Cherry Tree Wealth Management LLC increased its position by 86.3%, owning 95 shares worth $25,000 after adding 44 shares; First PREMIER Bank boosted its stake by 79.2% to 95 shares valued at $25,000, acquiring 42 more; Arcadia Investment Management Corp MI started a new position worth about $27,000; Newton One Investments LLC grew its holdings by 250.0% to 105 shares at $27,000, adding 75 shares; and Chelsea Counsel Co. raised its position by 59.7% to 107 shares worth $28,000, purchasing an additional 40 shares.
Recent insider transactions provide additional perspective on Tesla's ownership dynamics. Director James R. Murdoch sold 120,000 shares on August 26 at an average price of $350.29, totaling $42,034,800, reducing his holdings by 14.69% to 697,031 shares valued at approximately $244,162,988.99. Senior Vice President Xiaotong Zhu sold 20,000 shares on September 11 at $363.75 each, for $7,275,000, decreasing her stake by 29.59% to 47,600 shares worth about $17,314,500. Over the past three months, insiders have sold 202,606 shares for $75,588,902, with insiders owning 19.90% of the company.
Tesla's stock opened at $413.49 on the referenced Friday, with a market capitalization of $1.37 trillion, a P/E ratio of 239.01, and institutional ownership reinforcing its appeal despite recent earnings misses.