Tesla, the electric vehicle giant, is not only synonymous with its CEO Elon Musk but also with a host of other major investors who hold significant stakes in the company. While Musk remains the largest shareholder of Tesla stock, there are other key players in the mix.
One notable figure is Musk’s brother, Kimbal Musk, who is the next-largest individual insider investor in Tesla. Holding 1,608,720 shares, Kimbal Musk’s ownership stake represents approximately 0.05% of the company’s outstanding shares. In addition to his role as a Tesla board member, Kimbal Musk also sits on the board of SpaceX, another venture of his brother Elon Musk.
On the institutional front, Vanguard takes the lead as the largest owner of Tesla stock, with a whopping 229,805,491 shares in its portfolio, representing over 7.2% of outstanding Tesla stock. Following closely behind is BlackRock, which owns about 5.9% of Tesla’s outstanding shares.
Despite the impressive lineup of investors, Tesla’s stock performance has been on a downward trend this year, with shares plummeting approximately 27% while the S&P 500 has seen an 11% increase. This has sparked debate among investors about the company’s future prospects and whether now is the right time to invest in Tesla.
As investors weigh their options, conducting a thorough analysis of Tesla’s strengths, weaknesses, opportunities, and threats (SWOT analysis) is crucial. With differing opinions on the company’s trajectory, it remains to be seen whether Tesla can navigate its current challenges and reclaim its former glory in the eyes of investors.