Tesla is an American global automotive and clean energy corporation. According to CompaniesMarketCap.com, Tesla has a market capitalisation of $946.76 billion, making it the eleventh most valuable company in the world. In June 2010, one share of Tesla stock was traded at $17; a decade later, the stock was trading around $1,000 – a gain of more than 5,700%. Although Tesla is a publicly traded company, it has many prominent shareholders who collectively own its stock, including institutional investors and its CEO, Elon Musk, who is the largest individual shareholder. But how is Tesla’s ownership divided—and who holds the most influence over the company today?
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Who Owns Tesla?
Tesla is a publicly traded corporation that is denoted by the ticker TSLA on the NASDAQ stock exchange. This indicates that millions of people and organisations own shares of Tesla stock, distributing ownership. No one person or organisation is the sole owner. In general, the ownership can be divided into:
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Total Shares of Tesla Stock: Tesla has over 3.16 billion shares outstanding (as of recent data).
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Main Shareholder Groups:
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Retail Investors: Millions of individual stakeholders own the largest portion, around 43% shares of Tesla through their brokerage accounts.
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Institutional Investors: These include large firms like Vanguard, BlackRock, and State Street. Large investment firms, mutual funds, pension funds, and asset managers (like Vanguard, BlackRock, and State Street) own about 42.8% of Tesla's shares. They typically hold the largest collective percentage of shares.
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Company Executives/Insiders: Hold about 14% of the stock.
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Elon Musk's Stake: Elon Musk is the single largest individual shareholder, owning about 13.04% of Tesla's stock (around 412.6 million shares).
Therefore, while Elon Musk is the visionary leader and largest individual investor, the ultimate Tesla owner is its collective body of shareholders.
When was Tesla founded?
Tesla was founded on July 1, 2003, by Martin Eberhard and Marc Tarpenning. They initially envisioned a company that would build electric cars with high performance and style. Elon Musk joined the company's board of directors in 2004, becoming its chairman and later taking on the role of CEO. While Eberhard and Tarpenning were the founders, Musk's significant early investment and subsequent leadership were pivotal in shaping Tesla into the global force it is today, often leading to him being widely associated with the company's origins and success.
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Conclusion
In conclusion, the question of who owns Tesla is answered by its status as a publicly traded company. While CEO Elon Musk holds a substantial amount of Tesla stock and wields considerable influence, the company's ownership is distributed among a vast array of institutional and individual investors. This structure allows the company to raise capital from the public while maintaining a dynamic leadership focused on its mission to accelerate the world's transition to sustainable energy.
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