At Extreme Investor Network, we understand the importance of knowing who the major stakeholders are when it comes to investing in a company, especially one as widely recognized as Tesla (NASDAQ: TSLA). While Elon Musk is undeniably the most well-known figure associated with Tesla, there are other significant players in the ownership of Tesla stock that investors should be aware of.
One such individual is Elon Musk’s brother, Kimbal Musk, who holds the title of the next-largest Tesla shareholder after Elon Musk himself. As of April 2024, Kimbal Musk owned 1,608,720 shares of Tesla stock, representing approximately 0.05% of outstanding shares. Not only is Kimbal Musk a board member at Tesla, but he also serves on the board of SpaceX, another company founded by his brother, Elon Musk.
In terms of institutional investors, Vanguard stands out as the top holder of Tesla stock, with a staggering 229,805,491 shares, representing over 7.2% of outstanding shares. Not far behind Vanguard is BlackRock, owning approximately 5.9% of Tesla’s outstanding shares.
Despite the recent downturn in Tesla stock, with shares dropping about 27% since the beginning of the year while the S&P 500 has risen over 11%, there are differing opinions on the company’s future potential. While some believe Tesla’s best days may be behind it, others remain optimistic that the company will bounce back and regain its former glory.
As an investor, it’s essential to conduct thorough due diligence and analyze Tesla’s strengths, weaknesses, opportunities, and threats (SWOT analysis) to determine if Tesla stock aligns with your investment goals.
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At Extreme Investor Network, we recognize the importance of staying informed and making strategic investment decisions. Stay tuned for more insights and tips on maximizing your investment potential.