When it comes to Tesla’s shareholders, everyone knows about Elon Musk’s significant stake in the company. However, there are other key players who hold substantial positions in this electric vehicle giant. Let’s explore some of the major investors in Tesla stock.
A Look at Tesla Stockholders
Following Elon Musk, the largest individual insider investor in Tesla is his brother, Kimbal Musk. While Elon owns roughly 13% of Tesla stock, Kimbal holds 1,608,720 shares, accounting for around 0.05% as of April 2024. Kimbal Musk, a Tesla board member for the past two decades, also sits on the board of SpaceX, another venture by his brother.
On the institutional side, Vanguard stands out as the top owner of Tesla stock, holding a staggering 229,805,491 shares, which is over 7.2% of Tesla’s outstanding stock. In comparison, BlackRock trails behind, owning approximately 5.9% of Tesla’s outstanding shares.
Considering Becoming a Tesla Shareholder?
Since the beginning of the year, Tesla stock has experienced a downward trajectory, contrasting with the S&P 500’s upward movement. While some investors believe Tesla’s prime days are behind it, others are optimistic about the company’s potential for a turnaround. To determine if Tesla stock is a suitable addition to your portfolio, consider conducting a SWOT analysis to evaluate the company’s prospects thoroughly.
Remember, your investment decisions should be based on your own research and understanding of Tesla’s future outlook.
Disclosure: Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool abides by a disclosure policy.
