10 Major Tesla Shareholders: Who Owns TSLA Stock in 2025?

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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 the mainstream 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.

Musk’s power beyond Tesla is only going to get bigger following his appointment to lead the new Department of Government Efficiency (DOGE) by incoming President Donald Trump.

Meanwhile, Tesla remains the world’s largest EV maker, with its market capitalization reaching $1.32 trillion on January 5, down from a peak of $1.42 trillion on December 14, though it still exceeded its previous peak of $1.23 trillion on November 6, 2021.

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.

Key Takeaways

  • Elon Musk is the largest individual Tesla shareholder, with 410.79 million shares, representing 12.8% of Tesla ownership as of December 2024.
  • Elon’s holdings in Tesla dropped about 42% from 715.02 million shares in March 2024.
  • The Vanguard Group is Tesla’s biggest institutional investor, holding 239.62 million shares, representing 7.49% of Tesla ownership.
  • Elon Musk oversees all product design, engineering, and global manufacturing for Tesla’s electric automobiles, battery products, and solar energy products.
  • In 2024, Tesla shareholders approved Elon Musk’s $56 billion pay package, the largest in corporate America. However, a Delaware judge tossed it out.
  • In December 2024, Tesla’s market capitalization reached a new all-time high of $1.4 trillion, making it the 8th largest company in the world.

Tesla Shareholders Analysis

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

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  • As of January 2024, there were 3.198 billion shares of common stock outstanding.
  • Institutional ownership accounts for 45.97%, according to Nasdaq data as of January 5, 2024.

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

Tesla Stock Price History

However, as of January 6, 2025, Tesla (TSLA) stock appreciated by 28,089%, according to split-adjusted data from TradingView.

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 – 239,621,388 – 7.49%

The world’s second-largest asset management company owned 239.62 million shares of Tesla, accounting for 7.43% of Tesla’s stock as of September 30, 2024, according to the latest SEC Filing. This stake makes Vanguard the largest Tesla shareholder among institutional investors. However, Tesla is not among the top ten holdings in Vanguard’s overall portfolio.

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 September 2024, Vanguard had $10.1 trillion of assets under management (AUM), according to Advratings.

2. Blackrock – 194,744,293 – 6.08%

BlackRock is the second-largest Tesla owner among institutional shareholders. As of September 30, BlackRock owned 194.74 million shares in Tesla, making up 6% of Tesla’s outstanding shares, and an increase of 2.45% from 190.08 million shares held at the end of June 2024.

The New York-based company is the world’s largest asset management firm, managing $11.475 trillion in assets under its belt in the third quarter of 2024, according to Advratings. It has a market capitalization of $158.10 billion as of January 2025.

3. State Street Corp – 111,709,189 – 3.49%

As of September 30, 2024, State Street Corporation owned 111,709,189 million shares of Tesla valued at $29.22 billion, a 1.98% decrease from 113,968,364 shares held at the end of June 2024. State Street Corp. holds 3.49% of Tesla’s outstanding stock.

The Massachusetts-based company (STT) is one of the world’s leading asset managers, with $4.73 trillion in assets under management (AUM) and $46.75 trillion in assets under custody as of the third quarter of 2024.

4. Geode Capital Management – 59,356,401 – 1.85%

Geode Capital Management is Tesla’s fourth-largest institutional shareholder, with 59.35 million shares valued at $15.46 billion, accounting for 1.85% of Tesla’s outstanding shares.

Founded in 2001, the Massachusetts-based asset management firm has $1.50 trillion in AUM as of September 3, 2024, according to the company’s website.

5. Capital World Investors – 42,812,988 – 1.34%

Capital World Investors owns 42.81 million shares of the electric car maker, valued at $11.2 billion as of September 30, 2024, according to the latest SEC filing. Its holdings account for 1.34% 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 $2.7 trillion in AUM as of June, 2024, according to the company’s website.

Top 5 Tesla Individual Shareholders

1. Elon Musk – 410,794,076 – 12.8%

According to the latest SEC filings, Elon Musk remains the largest Tesla owner.

How many shares of Tesla does Elon Musk own exactly?

According to the latest SEC filing, Tesla’s CEO and founder Elon Musk owns 410,794,076 shares of Tesla, worth $168.8 billion as of December 30, 2024, more than 42% drop from 715,022,706 shares as of March 31, 2024.

Despite the sharp drop in his ownership, Elon remains Tesla’s biggest shareholder, accounting for 12.8% of the 3.198 billion outstanding shares as of January 2025.

Elon Mask

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.

Just before the year ended, US President-elect Donald Trump made a surprise announcement of assigning Elon to lead his government efficiency campaign.

Elon and entrepreneur Vivek Ramaswamy will lead a presidential advisory committee called “Department of Government Efficiency” or shortly DOGE – like the name of the first meme coin, Dogecoin. Since DOGE is not an official government department, it remains unclear how it will operate.

However, who owns Tesla stock besides Musk?

2. Herbert Kohler – 8,113,215 – 0.25%

Herbert Kohler is a former Tesla Motors director, having served the company for five years since May 2009. Based on the last recorded SEC filing on June 8, 2011, Kohler owned 8.11 million shares of Tesla valued at roughly $3.3 billion based on the company’s closing price of $410.44 on January 3.

Kohler helped bring electric propulsion to the mass market and resigned from Tesla in 2012.

Although he is no longer working at the company, he remains Tesla’s second-largest individual shareholder, accounting for 0.25% of the company’s total outstanding shares of 3.198 billion in January 2025.

3. Ellison Lawrence Joseph – 3,001,250 – 0.09%

Ellison Lawrence Joseph, or Larry Ellison, is the co-founder of the computer software company Oracle. He served as a director on Tesla’s board from 2018 to 2022. Prior to his position at Tesla, Ellison served as Oracle’s CEO for 37 years before stepping down in 2014.

The third-richest billionaire in the world owns 3 million shares of Tesla, accounting for 0.09% of the company’s total outstanding shares, making him the company’s third-largest individual investor, according to SEC data.

At Tesla’s closing price on January 3, Ellison’s share ownership in the electric car maker is worth around $1.23 billion.

4. Kimbal Musk – 1,538,220 – 0.048%

Kimbal Musk, Elon’s brother, holds 1,538,220 shares worth $631.34 million, according to SEC data as of December 2024. However, his Tesla holdings had dropped from 1,950,470 shares as of April 3, 2023. Over this period, Kimbal sold 412,250 shares worth a total of $34.71 million.

While Kimbal’s Tesla shares have decreased in the past year, he is the fourth-largest individual shareholder of Tesla, accounting for 0.048% of the company’s outstanding shares.

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. According to SEC data, Kimbal owns 64,650 shares of Chipotle Mexican Grill valued at $3.86 million.

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.

5. Antonio Gracias – 1,306,935 – 0.04%

The founder of Chicago-based equity firm Valor Equity Partners, Gracias is Tesla’s fifth-largest individual investor, holding 1.306 million shares, according to an April 2021 SEC filing. According to Forbes, Gracias is a major supporter of Musk, and Valor was one of Tesla’s early institutional investors in 2005.

Gracias served as a director on Tesla’s board from 2007 to 2021, according to Valor’s website. During his tenure, he also assumed the role of Lead Independent Director and played a key role in taking Tesla public.

Forbes reported that Gracias was not only a supportive friend to Musk but also an invaluable problem solver. In the summer of 2018, Gracias and Musk slept just a few hours each night in a conference room at Tesla’s factory to address supply chain and manufacturing issues related to the production of Tesla’s Model 3.

Gracias currently serves as Valor’s Chief Executive Officer and Chief Investment Officer.

The Bottom Line

Elon Musk remains Tesla’s largest shareholder, although his ownership has dropped to 12.8% of the company’s total outstanding stock as of December 2024, compared to 22% in March 2024. 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 7.49% and 6.09% of the shares, respectively.

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

FAQs

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References

  1. Tesla, Inc. (TSLA) Institutional Holdings (Nasdaq)
  2. Vanguard Group Inc – TSLA – Tesla, Inc. 13F Holdings History (13f)
  3. Vanguard AUM 2024 (Advratings)
  4. BlackRock, Inc. – TSLA – Tesla, Inc. 13F Holdings History (13f)
  5. BlackRock: Assets under Management (AUM) 2024 (Advratings)
  6. State Street Corp – TSLA – Tesla, Inc. 13F Holdings History (13f)
  7. 3Q24 Earnings Press Release (State Street)
  8. Geode Capital Management, LLC – TSLA – Tesla, Inc. 13F Holdings History (13f)
  9. Geode Capital (Geode Capital)
  10. About us | Capital Group (Capital Group)
  11. Musk Elon – Form 13F Portfolio Holdings, Performance History & Annualized Return (SEC Form 4)
  12. Notice of 2024 Annual Meeting of Stockholders (SEC)
  13. TSLA Insider Holders & Insider Ownership – Tesla Inc. (SEC Form 4)
  14. Elon Musk on X (Twitter)
  15. SEC.gov | Elon Musk Settles SEC Fraud Charges; Tesla Charged With and Resolves Securities Law Charge (SEC)
  16. Judge voids Elon Musk’s ‘unfathomable’ $56 billion Tesla pay package (Reuters)
  17. Insider Trading Activity – Kohler Herbert (SEC Form 4)
  18. Prof. Dr Herbert Kohler, Ex-Tesla Board Member & Daimler VP, Joins Advisory Board of Elaphe (PR Newswire)
  19. Letter of Resignation from Dr. Herbert Kohler (SEC)
  20. Insider Trading Activity – Musk Kimbal (SEC Form 4)
  21. Musk Kimbal – Form 13F Portfolio Holdings, Performance History & Annualized Return (SEC Form 4)
  22. Sec Form 4 Filing – Gracias Antonio J. @ Tesla, Inc. – 2020-08-18 (SEC Form 4)
  23. Antonio Gracias (Forbes)
  24. Antonio Gracias (ValorEP)
  25. How Elon Musk’s Buddy Rode Tesla Shares To Become A Billionaire (YouTube)
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Fitri Wulandari
Tech Finance Journalist
Fitri Wulandari
Tech Finance Journalist

Fitri has over 20 years of experience in financial journalism. She has contributed to various international media outlets, including Dow Jones Newswires, Bloomberg, and Reuters, before joining Techopedia. She spent the first 15 years of her career covering commodity and energy news, later transitioning to general financial writing. These days, she conducts interviews with industry players and analysts and reports on international conferences. Fitri holds a degree in International Relations, supporting her expertise in financial journalism. She occasionally serves as a guest trainer for journalistic training and as a moderator for panel discussions.