Who Owns Tesla (TSLA) as Shares Surge Over 14% on Trump’s Win?
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Who Owns Tesla (TSLA) as Shares Surge Over 14% on Trump’s Win?

Story Highlights

Tesla surged about 15% yesterday following Donald Trump’s victory, leading to expectations of potential benefits for the company. Following this impressive rally, we analyze the ownership structure of TSLA stock using TipRanks’ ownership tools.

EV giant Tesla (TSLA) rallied 14.8% yesterday, outperforming the S&P 500’s (SPX) 2.5% gain. The upside came after Donald Trump, who received substantial support from TSLA CEO Elon Musk, won the U.S. elections. Investors believe a Trump win could be beneficial for the electric vehicle maker, as his policies may provide a boost to the company’s growth and outlook. Also, Tesla released mixed Q3 results last month and provided a positive outlook. Tesla forecasted modest growth in vehicle deliveries for 2024. Given this context, it’s a good time to examine who owns Tesla.

Now, according to TipRanks’ ownership page, public companies and individual investors own 47.25% of TSLA. They are followed by insiders, ETFs, mutual funds, and other institutional investors, at 20.52%, 18.13%, 13.95%, and 0.15% respectively.

Digging Deeper into TSLA’s Ownership Structure

Looking closely at top shareholders, Musk owns the highest stake in Tesla at 20.5%. Next up is Vanguard, which holds a 6.64% stake in the company.

Among the top ETF holders, Vanguard Total Stock Market ETF (VTI) owns a 2.69% stake in TSLA stock, followed by Vanguard S&P 500 ETF (VOO) with a 2.27% stake.

Moving to Mutual Funds, Vanguard Index Funds holds about 5.85% of Tesla, whereas Fidelity Concord Street Trust owns 1.45% of the stock.

Is TSLA a Buy Now?

Turning to Wall Street, TSLA has a Hold consensus rating based on 11 Buys, 16 Holds, and eight Sells assigned in the last three months. At $207.83, the average Tesla price target implies a 27.97% downside potential. Shares of the company have gained about 62.27% in the past six months.

See more TSLA analyst ratings

Conclusion

TipRanks’ Ownership tool provides TSLA ownership structure by category, enabling investors to make well-informed investing decisions.

Disclosure

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