Who owns the most Tesla stock besides Elon Musk?
You know who Tesla is at its best, but you might be surprised to know who else has a big stake in this EV powerhouse.
Even those who don’t look closely tesla (TSLA 3.17%) You’re probably familiar with Elon Musk and the leadership position he holds in running the company. Musk is also the largest shareholder of Tesla stock.
However, this does not mean that there are not other individuals or entities that hold significant positions in Tesla. Let’s take a look at some of the other major investors in Tesla stock.
Who are Tesla shareholders?
In terms of individual insider investors, the second-largest Tesla shareholder after Elon Musk is his older brother, Kimbal Musk. Elon Musk owns about 13% of Tesla shares as of December 31, while Kimbal Musk owns 1,608,720 shares, or about 0.05%, as of April 2024. Kimbal Musk, who has been a member of Tesla’s board of directors for the past 20 years, also heads another of his brother’s ventures, SpaceX.
In terms of institutional owners, Vanguard maintains its top spot as the largest holder of Tesla stock, a position that dwarfs Kimbal Musk’s ownership stake. With 229,805,491 Tesla shares, Vanguard Group’s position represents more than 7.2% of Tesla’s shares. Although not as large as Vanguard’s location, some notable points include: black stone It’s not far behind, owning about 5.9% of Tesla’s outstanding shares.
Is it time to become a shareholder?
Bears have led the decline in Tesla stock since the beginning of the year. during S&P 500 Tesla stock price rose more than 11%, and Tesla stock price fell about 27%. Although many pessimists believe that Tesla’s best days are in the rearview mirror, there are many who believe that the company can overcome the rocky path it is currently on and return to its former glory.
There are valid arguments from both groups of investors, but to determine whether a stock belongs in your portfolio, you need to conduct your own due diligence and evaluate the company’s potential through a SWOT analysis.
Scott Levine has no positions in any of the stocks mentioned. The Motley Fool has a position in Tesla and recommends the company. The Motley Fool has a disclosure policy.
