Who Owns Tesla?

Elon Musk is widely recognized as the largest shareholder of Tesla (TSLA -3.76%) stock. However, current and prospective investors alike know he's not alone, leaving them to wonder about the bigger picture regarding who owns Tesla.

One of the most recognizable electric vehicle (EV) companies on America's highways and byways today, Tesla was initially focused on the luxury market. Its sole vehicle available to drivers was the Roadster, an electric sportscar that debuted in 2008.

In the years that followed, Tesla expanded its vehicle lineup to the Model S sedan in 2012 and the Model X SUV in 2015. Two years later, Tesla introduced the Model 3, an EV that sported a more affordable price tag. Rounding out the company's available vehicles, the Model Y, a compact SUV, started appearing on America's roads in 2020, while the Cybertruck debuted in 2023. Today, Tesla is developing the Semi, an electric semi-truck.

In addition to its automotive segment, Tesla's energy-generation and storage segment includes its business dedicated to the "design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives." The company offers its Powerpack battery for residential and commercial-scale applications, while its Megapack is suited for utility-scale energy-storage applications.

Institutions

1. Vanguard Group: Providing its services to more than 50 million investors, the Vanguard Group holds 252.39 million shares of Tesla -- representing an ownership stake of more than 7.59% -- through several mutual funds, such as the Total Stock Market Index Fund Investor Shares, Institutional Total Stock Market Index Fund, and Vanguard 500 Index Fund Investor Shares.
2. BlackRock (BLK +0.53%): With more than $10 trillion in assets under management, BlackRock holds its 206.74 million shares -- about 6.22% of Tesla's outstanding shares -- in several investment vehicles, including exchange-traded funds (ETFs), like the iShares Self-Driving EV and Tech ETF (IDRV +0.34%) and iShares U.S. Consumer Discretionary ETF (IYC -0.02%).
3. State Street (STT +1.40%): The third-largest institutional owner of Tesla stock is State Street, with 113.76 million shares -- an ownership stake of more than 3.5% -- in a variety of ETFs. Tesla has a major position in the Consumer Discretionary Select Sector SPDR Fund (XLY -0.50%), for example, representing 19.3% of the ETF's holdings.
4. Geode Capital Management: Founded in 2001, Geode, which manages Fidelity Investments' stock index funds, has more than $1.1 trillion in assets under management. It owns 65.33 million shares of Tesla stock, representing an ownership stake of more than 1.96%.
5. Capital World Investors: Helping investors build wealth since 1931, Capital World owns 44.04 million shares -- about 1.32% of Tesla's outstanding stock. Capital World offers the Capital Group Growth ETF (CGGR -1.25%). Tesla represents about 5.74% of the fund's holdings.

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