How Elon Musk’s Tesla Shares Compare with Biggest Index Funds’ TSLA Investments

Elon Musk’s total holdings in Tesla at the moment are smaller than the stake of america’ “Big Three” passive investing funds. The Tesla CEO still holds essentially the most shares of the electrical vehicle maker as of writing. 

Back in 2020, Tesla was included within the S&P 500. It was a landmark milestone for each Tesla and the S&P 500 then, as the electrical vehicle maker was the one biggest inclusion into the index thus far. With Tesla within the S&P 500, index funds had to buy the EV maker’s shares. 

As noted by the Financial Times, so long as money keeps sloshing into index funds, the firms would should purchase TSLA stock in response to the corporate’s weighting in benchmarks. Because of this, Vanguard funds have turn out to be TSLA’s second-largest shareholder with a 6.85% stake. BlackRock funds now have a 3.6% stake, and State Street Global Advisors hold a 3.13% stake in TSLA. 

Overall, this meant that Vanguard, BlackRock, and State Street Global Advisors now hold about 13.58% of Tesla stock. Compared, Elon Musk, after offloading TSLA shares last yr to fund his turbulent acquisition of Twitter, holds 13.42% of the electrical vehicle maker. 

It’s price noting that BlackRock, Vanguard, and State Street each have their respective lively funds which are also able to investing in Tesla, and it is feasible that they’ve done so. Thus, their collective ownership of 13.58% of TSLA will not be attributable solely to passive investments. Nonetheless, the FT noted that the overwhelming majority of the funds’ TSLA holdings are likely passive.

It needs to be noted that Fidelity’s passive business, Geode Capital Management, also hold a 1.55% stake in Tesla, making it a top shareholder of the corporate. As well as, Invesco’s QQQ ETF also holds a 1% TSLA stake. If these passive holdings are taken into consideration, the passive ownership of Tesla jumps to 16.13%, notably higher than Musk’s 13.42%.

Disclosure: I’m long TSLA

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