Who Owns the Most TSLA Stock?

Tesla, Inc. (NASDAQ: TSLA) is a household name in electric vehicles (EVs) and clean energy, with a massive global following. But who holds the reins of this innovative giant? While Elon Musk is the face of Tesla and its largest shareholder, many individuals and institutions own significant stakes. 

This article dives into Tesla’s ownership, spotlighting the top shareholders, the company’s board, and its journey from a luxury carmaker to an EV powerhouse. With a market cap of $906.90 billion as of February 28, 2025, understanding who owns TSLA stock is key for investors.

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Tesla’s Rise to EV Dominance

Founded in 2003 as Tesla Motors by Martin Eberhard and Marc Tarpenning, Tesla kicked off with the Roadster, a premium electric sports car launched in 2008. Over the years, Tesla expanded its lineup to include the Model S sedan (2012), Model X SUV (2015), Model 3 (2017), Model Y compact SUV (2020), and the futuristic Cybertruck (2023). 

The company is also developing the Tesla Semi, an electric semi-truck set to revolutionize logistics.

Beyond Cars: Energy Solutions

Tesla isn’t just about vehicles. Its energy division designs, manufactures, and sells solar energy systems and storage products like the Powerpack for homes and businesses and the Megapack for utility-scale projects. This segment bolsters Tesla’s mission to accelerate the world’s transition to sustainable energy.

Read Also: Tesla (TSLA) Stock Price Forecast: 2025–2028 Outlook

Who Owns Tesla?

No single person “owns” Tesla, as it’s a publicly traded company. However, Elon Musk stands out as the largest individual shareholder. Let’s break down the key players holding TSLA stock.

Elon Musk: The Top Shareholder

Elon Musk, Tesla’s CEO since 2008, holds the largest stake with 410,794,076 shares as of December 2024, representing about 12.8% of Tesla’s outstanding shares. His journey with Tesla began in 2004 when he invested over $6 million in the company’s Series A funding round, later joining as chairman. 

Musk’s wealth, pegged at $354.3 billion by Forbes as of February 28, 2025, makes him the world’s richest person. Beyond Tesla, he leads SpaceX, Neuralink, and The Boring Company, showcasing his knack for disruptive innovation.

Other Key Individual Shareholders

While Elon dominates, other insiders hold smaller but notable stakes:

• Kimbal Musk: Elon’s brother and a Tesla board member since 2004, owns 1,538,220 shares (0.05%) as of December 2024. He also serves on SpaceX’s board.

• Vaibhav Taneja: Tesla’s CFO since August 2023, holds 108,965 shares (0.003%).

• Tom Zhu: Senior VP of Automotive since April 2023, owns 67,491 shares (0.002%) as of September 2024.

• Andrew Baglino: Senior VP of Powertrain and Energy Engineering, holds 31,230 shares (0.001%) as of April 2024.

Institutional Heavyweights

Institutions own a hefty 66.2% of Tesla’s shares, reflecting strong investor confidence. Here are the top players as of December 31, 2024:

• Vanguard Group: With 243 million shares (7.56%), Vanguard is the largest institutional holder, managing assets over $9.1 trillion. Its shares are spread across funds like the Vanguard Total Stock Market Index Fund.

• BlackRock: Holding 202 million shares (6.29%), BlackRock manages $10.5 trillion in assets, with Tesla shares in ETFs like the iShares Self-Driving EV and Tech ETF.

• State Street: Owns 112 million shares (3.49%), with Tesla prominent in ETFs like the Consumer Discretionary Select Sector SPDR Fund, where it accounts for 18% of holdings.

• Geode Capital Management: Manages 55,256,335 shares (1.7%), primarily through Fidelity’s stock index funds.

• Capital World Investors: Holds 59,356,401 shares (1.8%), with Tesla making up 5.4% of its Capital Group Growth ETF.

Read Also: Tesla Maintains Bitcoin Holdings in Q2 Earnings Report

Tesla’s Board of Directors

The board shapes Tesla’s strategy and governance, and its members often hold shares, signaling their confidence in the company. Key members include:

Leadership and Vision

• Elon Musk: A board member since 2004, Musk stepped down as chairman in 2018 after an SEC settlement but remains a pivotal figure.

• Robyn Denholm: Board chair since 2018, Denholm owns 15,000 shares as of February 2024 and leads the Audit and Disclosure Controls Committees.

• Kimbal Musk: A long-time board member, Kimbal brings entrepreneurial insight from his ventures and SpaceX involvement.

Independent Directors

• Ira Ehrenpreis: A venture capitalist and board member since 2007, Ehrenpreis chairs the Nominating and Governance and Compensation Committees.

• James Murdoch: Joined in 2017, Murdoch serves on multiple committees, leveraging his experience as former CEO of Twenty-First Century Fox.

• Joe Gebbia: Airbnb co-founder, joined in 2022, and serves on the Audit Committee.

• Kathleen Wilson-Thompson: A board member since 2018, she contributes to governance and disclosure committees, drawing on her Walgreens executive experience.

• JB Straubel: Tesla’s co-founder and former CTO (2005–2019), rejoined the board in 2023. He held 276,398 shares in 2019, though recent transactions are unclear.

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Why Ownership Matters for Investors

Understanding Tesla’s ownership offers insight into its stability and growth potential. Elon Musk’s significant stake aligns his interests with shareholders, driving innovation but also tying Tesla’s fortunes to his leadership. Institutional ownership, like Vanguard and BlackRock, signals confidence from major players, often stabilizing stock prices. Board members’ shareholdings and expertise further reassure investors about Tesla’s governance.

Tesla’s Market Performance

As of February 27, 2025, Tesla’s stock closed at $281.95, with a market cap of $929.48 billion. Its 52-week range ($182.00–$488.54) reflects volatility, but its inclusion in the S&P 500 and S&P 100 since December 2020 underscores its market strength. 

Tesla’s trailing 12-month revenue hit $97.69 billion, with gross profits of $17.45 billion, cementing its financial prowess.

Conclusion

Elon Musk leads the pack as Tesla’s largest shareholder with a 12.8% stake, followed by insiders like Kimbal Musk and institutional giants like Vanguard and BlackRock. The board, blending Musk’s vision with independent expertise, guides Tesla’s ambitious goals in EVs and clean energy. 

FAQ

Who owns the most TSLA shares?

Elon Musk holds the largest stake with 410.79 million shares, or 12.8% of Tesla’s outstanding stock as of December 2024.

How much of Tesla is owned by institutions?

Institutions hold 66.2% of TSLA stock. Top holders include Vanguard (7.56%), BlackRock (6.29%), and State Street (3.49%).

What role does Tesla’s board play in ownership?

Tesla’s board shapes strategy and holds shares too. Key figures like Kimbal Musk, Robyn Denholm, and JB Straubel show long-term commitment through their holdings.

Is Elon Musk’s stake tied to Tesla’s performance?

Yes. His massive ownership aligns his interests with shareholders, tying Tesla’s direction closely to his leadership and decisions.

Why does institutional ownership matter for TSLA?

High institutional backing adds market confidence and price stability, signaling trust from heavyweights like Vanguard and BlackRock.

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