Who Owns Tesla? List Of Top 10 Shareholders

Tesla has gained increasing traction in the past few decades, with the increasing demand for more sustainable and clean forms of energy. With a current market cap of $791.65 billion, Tesla is the eleventh biggest company in the United States by market capitalisation. In this article, we outline the top ten largest Tesla shareholders.

Key Takeaways 

• Tesla (TSLA) was initially funded by its founders. It went public in 2010, accepting investors from all over the world. 
• Elon Musk is Tesla's largest shareholder, with over 20% ownership. Other individual investors include Zachary Kirkhorn and Kimbal Musk.
• Well-known investment firms like Vanguard Group and Tesla Inc. are some of the largest institutional Tesla shareholders.

Tesla Shareholders Ownership Structure

Founded in 2003 by PayPal co-founder Elon Musk and four other entrepreneurs (Martin Eberhard, JB Straubel, Marc Tarpenning, and Ian Wright), Tesla has rapidly grown into the company it is today. Tesla is an electric automotive company that offers solar and battery-powered energy solutions. The company is mostly run by Elon Musk, who oversees the product design, engineering, and global manufacturing of the products.

Initially, Tesla was a privately funded company, led and funded by its five founders. It was not until 2010 that the company first posted its IPO for the market to purchase. Shares at the time were offered for $17.00 per share, but 14 years after Tesla’s first market listing, the current price is closer to $250.00 per share.

The worth of Tesla shares started picking up in 2020, reaching an all-time high of $407.36 a little over a year later in 2021. The company has seen rapid growth over the past few years but made a significant drop to $113.06 in 2023 due to logistical hiccups and a decrease in demand.

Tesla Shareholders: Top 5 Institutional Owners

Since Tesla shares started picking up in 2020, many institutional investors decided to invest in the company. These are the five largest institutional owners: 

1. Vanguard Group 

This American-based company has specialised in asset and investment management since 1975 and has become the second largest in the investment firm business. Its ideals align with those of its clients, as the company states that it is owned by its client investors. Vanguard Group owns 225.94 million Tesla shares, around 7% overall, valued at around $56 billion. 

2. BlackRock Inc 

Risk management specialist and technology provider BlackRock is the largest in its field, tasked with managing $9.1 trillion in assets. Its goal is to help the community towards better financial health, which in this case means offering retirement funds and lending a hand in educating the youth. BlackRock owns 5.8% of Tesla, which means that the company owns 186.65 million shares valued at around $46.3 billion. 

3. State Street Corp 

Offering not only advisory services, this asset manager specialises in investments and managing their clients' financial assets. Most of the company’s clients are institutions, governments and financial intermediaries from all over the world. State Street owns $26 billion in Tesla stock; with 104.86 million shares to their name, around 3.3% of the company. 

4. Geode Capital Management 

Geode Capital Management is a Boston-based company that mainly offers investment management services to its clients. Founded in 2001, the company has grown to manage over $1 trillion in assets. As the fourth largest institutional Tesla shareholder, Geode Capital Management owns 1.7% of the company, with 53.87 million shares valued at almost $13.4 billion. 

5. Capital World Investors 

Founded in 1931, Capital World Investors offers different types of funds to investors. Decision-making goes through its management committee, which steers the organisation strategically in line with its values. Capital World Investors' share in Tesla is worth $10.2 billion, equivalent to 41.1 million shares, around 1.29%. 

Tesla Shareholders: Top 5 Individual Owners

The top five individual owners have a deep involvement with the company. 

1. Elon Musk 

The largest Tesla shareholder is co-founder Elon Musk. After co-founding and selling PayPal, Musk was the fourth employee to join Tesla, after Eberhard, Tarpenning, and Wright. He is also at the forefront of tech companies, including SpaceX, The Boring Company, and Neuralink. Elon Musk possesses 715.022 million shares, 20.6% of the total outstanding shares, worth roughly $177,5 billion.

2. Zachary Kirkhorn 

Former Chief Financial Officer Zachary Kirkhorn joined Tesla in 2019 and resigned in 2023. However, his link to Tesla started in 2010 with his initial position as senior financial analyst. Before his abrupt departure, Kirkhorn was even rumored to possibly be Elon Musk’s successor as Tesla CEO. Zachary Kirkhorn owns significantly fewer shares than Elon, with 2.68 million, 0.08%, shares to his name. His share of the company is worth almost $665,3 million. 

3. Kimbal Musk 

Younger brother to Elon Musk, Kimbal Musk is the third largest individual Tesla shareholder. He is on the boards of both Tesla and SpaceX. He has a restauranteur background, having previously held a position on the board of Chipotle Mexican Grill and currently owning The Kitchen Restaurant Group. With over 1.7 million shares, worth $422 million, Kimbal Musk owns 0.05% of the company.

4. Ira Ehrenpreis 

Holding quite a few positions within the company, it makes sense for Ira Ehrenpreis to be fourth on this list of the largest individual Tesla shareholders. He is currently Tesla's Independent Director, Chair of the Nominating and Governance Committee, and Chair of the Compensation Committee. In addition to his tasks for Tesla, he is also the founder and managing partner of investing firm DBL. Ehrenpreis owns $417.02 million worth of shares, which translates to 1.68 million, accounting for 0.05% of the company. 

5. Robyn Denholm 

Similarly to Ehrenpreis, Robyn Denholm holds quite a few positions within Tesla, including Director (since August 2014) and Chair (since November 2018). Before her involvement with Tesla, Denholm worked for companies such as Sun Microsystems, Inc., Toyota Motor Corporation Australia and Arthur Andersen & Company. Ending the list of top 5 individual Tesla shareholders, Robyn has 1.67 million shares to her name, with a value of $414.5 million, thus owning close to 0.05% of the company as well. 

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Conclusion 

Sustainable energy specialist and automotive company Tesla has experienced considerable growth since its founding in 2003. Starting out as a privately funded company, Tesla initiated its IPO in 2010. The company is now owned by many shareholders, both institutional and individual, from all over the world, with the largest shareholder being Elon Musk.

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FAQs on Largest Tesla Shareholders

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