10 Major Tesla Shareholders: Who Owns TSLA Stock in 2024?

Tesla (TSLA) is undoubtedly the pioneer in producing electric vehicles (EVs). The company’s success in developing sleek, modern-looking plug-in electric vehicles is propelling EVs from a niche into mainstream marketing amid the global energy transition rush.

Tesla, named for American-Serbian inventor and electrical engineer Nikola Tesla, is inextricably linked to Elon Musk, its CEO and largest shareholder. The mercurial and eccentric entrepreneur, who also has ownership in multiple tech companies, wields considerable power within the company.

The company is still the world’s largest EV maker despite its market capitalization sliding to $835.81 billion as of October 1, 2024, from the peak of $1.23 trillion on November 6, 2021.

As a publicly traded company, it also has other investors who own a large number of TSLA shares, apart from Elon Musk.

So, who owns the most Tesla stock? In this article, we compiled Tesla’s individual shareholders list and explored the institutional investors with the largest Tesla ownership.

Table of Contents Table of Contents

1. Key Takeaways
2. Tesla Shareholders Analysis
3. Tesla Largest Shareholders: Who Owns the Most Tesla Stock?
4. The Bottom Line
5. FAQ
6. References

Show Full Guide

Table of Contents

1. Key Takeaways
2. Tesla Shareholders Analysis
3. Tesla Largest Shareholders: Who Owns the Most Tesla Stock?
Show Full Guide
4. The Bottom Line
5. FAQ
6. References

Tesla Shareholders Analysis

The Silicon Valley-based car manufacturer has various investors, including individual, retail, and institutional shareholders.

Historical Tesla stock price chart highlights the company’s volatile stock price swings, making it a risky investment.

Note that past performance is not indicative of future results.

The largest Tesla shareholders include Elon Musk and some prominent investment management firms such as Vanguard Group, BlackRock, State Street Corp, and Geode Capital Management.

Tesla Largest Shareholders: Who Owns the Most Tesla Stock?

Below, we look into details about who owns the most Tesla stock among individual and institutional shareholders.

Top 5 Largest Institutional Shareholders

1. The Vanguard Group – 237,623,239 – 7.43%

The world’s second-largest asset management company owned 237.62 million shares of Tesla, accounting for 7.43% of Tesla’s stock as of June 30, 2024, according to the company’s latest SEC filing as of August 13, 2024. This stake makes Vanguard the largest Tesla shareholder among institutional investors.

Unlike other asset management firms, the Pennsylvania-based company is not owned by shareholders. Instead, investors who put their money in the company’s fund own it.

As of March 2024, Vanguard had $9.3 trillion of assets under management (AUM), according to Advratings.

2. Blackrock – 190,084,412 – 5.95%

Blackrock is the second-largest Tesla owner among institutional shareholders. As of June 30, 2024, Blackrock held 190.08 million shares in Tesla, making up 5.95% of Tesla’s outstanding shares.

The New York-based company is the world’s largest asset management firm, managing $10.473 trillion in assets under its belt, according to Advratings. It has a market capitalization of $140.64 billion as of October 1, 2024.

3. State Street Corp – 113,968,364 – 3.56%

As of June 30, 2024, State Street Corporation owned 113.96 million of Tesla’s shares valued at $22.55 billion, making it Tesla’s third-largest institutional shareholder, according to the latest SEC filing. State Street Corp. holds 3.56% of Tesla’s outstanding stock.

The Massachusetts-based company (STT) is one of the world’s leading asset managers, with $4.4 trillion in assets under management (AUM) and $44.3 trillion in assets under custody as of June 30, 2024.

4. Geode Capital Management – 58,333,812 – 1.82%

Geode Capital Management is Tesla’s fourth-largest institutional shareholder, with 58.33 million shares valued at $11.5 billion, accounting for 1.82% of Tesla’s outstanding shares.

Founded in 2001, the Massachusetts-based asset management firm has $1.304 trillion in AUM as of March 31, 2024, according to Advratings.

5. Capital World Investors – 42,708,787 – 1.33%

Capital World Investors owns 42.7 million shares of the electric car maker, valued at $8.45 billion as of June 30, 2024, according to is latest SEC filing. Its holdings account for 1.33% of Tesla’s outstanding stock, making it the fifth-largest Tesla shareholder.

The privately held firm is one of the world’s oldest investment managers, dating back to the 1930s during the Great Depression. According to Advratings, the US firm ranks tenth among the world’s largest asset management companies with $2.6 trillion in AUM as of March 31, 2024.

Top 5 Tesla Individual Shareholders

1. Elon Musk – 715,022,706 – 22.3%

According to the company’s 2024 Proxy Statement, Elong Musk remains the largest Tesla owner.

Musk has served as a member of Tesla’s board since April 2004 and as CEO since October 2008. The eccentric entrepreneur and tech genius also owns various tech companies, including rocket and spacecraft manufacturer Space Exploration Technologies Corporation, or SpaceX, and social media platform X, formerly known as Twitter. He bought Twitter in October 2022 for $44 billion.

Elon’s public remarks frequently cause Tesla’s share price to go through extreme swings. One example of this could be when he tweeted on August 7, 2018, that he could take Tesla private at $420 per share, which according to the Securities and Exchange Commission (SEC), was a substantial premium to its trading price at the time. The SEC brought a fraud charge against Tesla, leading to a hefty fine of a combined $40 million for Musk and Tesla in September 2018.

In 2024, Tesla shareholders approved Elon Musk’s $56 billion pay package, dubbed the largest in corporate America. However, a Delaware judge voided it, calling the compensation “an unfathomable sum” that was unfair to shareholders.

However, who owns Tesla stock besides Musk?

2. Tom Zhu – 1,996,983 – 0.06%

Tom Zhu is the second-largest Tesla’s individual investor after Elon Musk, holding 1,996,983 shares as of March 31, 2024, according to the company’s Proxy Statement.

Tom Zhu has been the Senior Vice President of Automotive at Tesla since April 2023. He originally joined the company in April 2014, taking on several operational roles before being promoted to Vice President of Greater China, where he oversaw the construction and managed the Gigafactory Shanghai.

3. Kimbal Musk – 1,950,470 – 0.06%

Kimbal Musk is the third-largest Tesla’s individual shareholder with 1,950,470 TSLA shares as of March 31, 2024. This accounts to 0.06% of Tesla ownership.

For over twenty years, Kimbal has co-founded technology, hospitality, entertainment, and agricultural businesses. His passion, however, is in the culinary industry, where he owns a group of restaurants, including the farm-to-table restaurant The Kitchen, which he founded in 2004.

From 2013 to 2019, he served as the director of Chipotle Mexican Grill. He is also the founder of the urban farming companies Square Roots and BigGreen.

On top of his food business, Kimbal is still involved in Elon’s tech businesses. He serves as a director at Tesla. Through January 2022, he served as a director at Elon’s SpaceX. He is also the co-founder and CEO of the drone technology firm Nova Sky Stories.

4. Ira Ehrenpreis – 1,681,005 – 0.05%

Ira Ehrenpreis, Tesla’s independent director and board member, held 1,681,005 shares, accounting for 0.05% of the electric car maker’s outstanding shares as of the end of March 2024.

Ehrenpreis is the founder and managing partner of venture capital firm DBL Partners, which invests in clean energy, healthcare, information technology, and sustainable products and services.

5. Robyn Denholm – 1,490,067 – 0.04%

Robyn Denholm closes the list of the largest Tesla’s individual shareholders. The Australian executive held 1,490,067 of Tesla’s shares as of March 31, 2024, which accounts for 0.04% of the company’s ownership.

Denholm, who has been Tesla’s independent director since 2014, has worked for tech and auto companies in Australia, including Telstra Corporation Limited and Toyota Motor Australia.

The Bottom Line

Elon Musk is Tesla’s largest shareholder, owning 22.3% of the company’s total outstanding stock. Consequently, his share ownership is far larger than that of other individual and institutional shareholders.

On the contrary, Vanguard and BlackRock, Tesla’s two largest institutional shareholders, own 7.43% and 5.95% of the shares, respectively.

With an overwhelmingly large holding, Elon will continue significantly influencing Tesla’s future business and growth.

FAQ