Tesla Stocks are the hottest investment opportunity for every stock market enthusiast. Everyone wants a piece of this share but the bottom line is, “How Many Shares of Tesla are there?” Let’s find out!
Elon Musk is back in the limelight after his $1 Million America PAC signup campaign in Pennsylvania recently. The billionaire has already donated $75 Million to the America PAC campaign. This is just a drop compared to his bottomless wealth with Tesla Stocks as one of the main contributors to the riches. With new investors looking for opportunities to buy Tesla shares, the question arises, How Many Shares of Tesla are there in the market?
How Many Shares of Tesla are there? A Brief Introduction
Tesla stocks are famous today, but that has not been the case since its early inception. Tesla Stocks (TSLA) are the automobile industry’s stocks in the electric vehicle (EV) segment, which is part of Elon Musk’s clean energy technology initiative. The company has a market capitalization of $691.56 billion, with current shares at 220.70 USD at the time of writing.
Tesla Shares launched its shares in the stock market in June 2010 at an initial offering of $17 a share. The Tesla Stock has returned an astounding 5,700% return since its inception. Despite the incredulous returns, the stocks had their fair share of ups and downs. Tesla Shares’ initial price soared as the company expanded its manufacturing capacity and vehicle sales. The prices reached an all-time high on Nov 21 but dropped by 51% in 2022 due to heavy selling in the market. The purchase of the social media giant Twitter also reduced Tesla Stock prices.
But the question, ‘How Many Shares of Tesla are there?’ still prevails, so let’s learn it in detail.
How Many Shares of Tesla Are There with Investors?
Tesla Stocks split in 2020, with investors receiving 5 stocks per single stock originally held by them. This was followed by a second stock split in Aug 2022 where 3 stocks were allocated for every stock held by them. Tesla justified the split to the US Securities and Exchange Commission (SEC) as the new shares would help the company attract and retain new talent through its compensation packages.
Before investing in Tesla it is vital to understand who owns the most shares in Tesla.
Why is this important?
The biggest Tesla holders can move the stock price if they buy or sell large volumes of the EV company’s stock.
The company has a total of 3.16B shares outstanding as per data from Nasdaq with retail investors owing 1.36B shares (43.16%). Institutional Investors own 1.35B shares (43.84%), and company executives hold 442.8 M shares (14%).
Elon Musk holds the largest share in Tesla, a total of 412.6 M shares, a total of 13.04% of the company’s stock. This is followed by institutional investors owning the most percentage of shares. These can be summarised as:
Vanguard Group
The largest investment advisor group to own most Tesla Stocks is the Vanguard Group. It is based in Pennsylvania and owns $44.2B worth of shares (6.89%).
Blackrock
The world’s largest asset manager, Blackrock owns the second most shares in Tesla Automobiles. They own around $36.54B worth of shares (5.62%)
State Street Corp
US-based financial services and bank holding firm State Street Corp is the third largest institutional investor, with a 3.13% stake of 98.99 million shares.
Geode Capital Management
Geode Capital Management is a systematic asset manager for the common people and holds a 1.55% stake in Tesla, with 49.1 million shares.
Capital World Investors
A private equity firm, Capital World Investor holds a 1.53% stake in Tesla worth $9.96B shares in the EV company.
How Many Shares of Tesla Are There? What’s Next?
Investors particularly new buyers often want to know How Many Shares of Tesla are there in the market before they buy them.
This should aptly answer the question before one invests in the most promising EV sector of the century!
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