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Tesla, Inc. (TSLA), formerly known as Tesla Motors, has grown since its IPO a decade ago into one of the world’s biggest producers of electric vehicles under the leadership of CEO Elon Musk. The company sells cars, SUVs, and trucks. In addition to electric vehicles, Tesla has expanded into energy generation and storage systems. Tesla stock will join the S&P 500 and S&P 100 on December 21. In the trailing 12-month period, Tesla has generated revenue of $28.2 billion and net income of $556.0 million. As of this writing, the company has a market cap of $603.1 billion, making it the largest automobile company in the world by market value. For comparison, Tesla’s market cap is roughly 10 times that of General Motors Co. (GM). Below, we’ll take a look at the top shareholders of Tesla based on the number of shares owned. All figures throughout are as of December 14, 2020.
“Insider” refers to people in senior management positions and members of the board of directors, as well as people or entities that own more than 10% of the company’s stock. In this context, it has nothing to do with insider trading.
Top 3 Individual Insider Shareholders
Kimbal Musk
Kimbal Musk, the younger brother of Elon Musk, owns a total of 629,740 Tesla shares, representing 0.07% of the company’s total shares outstanding. Musk holds a seat on Tesla’s Board of Directors. He is a restaurateur, entrepreneur, and co-founder of food access company The Kitchen. He also serves on the boards of Chipotle Mexican Grill, Inc. (CMG) and SpaceX, the aerospace manufacturer and space explorations company whose CEO and founder is Elon Musk.
Zachary Kirkhorn
Zachary Kirkhorn owns a total of 55,624 Tesla shares, representing 0.01% of the company’s total shares outstanding. Kirkhorn has been chief financial officer of Tesla since March 2019. Prior to that, Kirkhorn served as vice president of finance, financial planning and business operations for the company from December 2018 and in additional roles since he joined Tesla in 2010.
Jerome M. Guillen
Jerome M. Guillen owns a total of 49,357 Tesla shares, representing 0.01% of the company’s total shares outstanding. Guillen has been president of Automotive at Tesla since September 2018. Prior to that, he served as vice president of Trucks and Other Programs and as vice president of Worldwide Sales & Service, as well as director of the company’s Model S program. Before joining Tesla in 2010, Guillen worked at automotive manufacturers Daimler AG and Freightliner LLC.
Top 3 Institutional Shareholders
Institutional investors hold a substantial portion of Tesla shares, totaling about 48.2% of total shares outstanding.
Elon Musk
Elon Musk owns 193.3 million Tesla shares, representing 20.7% of total shares outstanding, according to a 13G filing for the period ending December 31, 2019. Musk owns more than three times as many Tesla shares as the next largest institutional shareholder. In addition to serving as co-founder and CEO of Tesla beginning in 2003, Elon Musk also is CEO of SpaceX, Neuralink, and The Boring Company. He was also co-founder of PayPal Holdings, Inc. (PYPL). According to Forbes, Musk is currently the 3rd-richest person in the world, with a net worth of about $142.7 billion.
Susquehanna Securities
Susquehanna Securities owns 60.7 million Tesla shares, representing 6.5% of total shares outstanding, according to a 13G filing for the period ending December 31, 2019. Susquehanna Securities is part of the Susquehanna International Group, which offers institutional brokerage services including trading, quantitative research, and fundamental research. Susquehanna International holds about $522.2 billion in managed 13F securities. In addition to the shares listed above, Susquehanna International Group also owns 64.6 million put options and 54.3 million call options of Tesla as well. Tesla has been a major holding in Susquehanna Securities’ portfolio.
Capital World Investors
Capital World Investors owns 52.2 million Tesla shares, representing 5.6% of total shares outstanding, according to a 13F filing for the period ending September 30, 2020. Capital World Investors is an equities-focused branch of investment management company Capital Group. Capital Group prioritizes active management strategies and currently holds about $2.1 trillion in assets under management as of September 30, 2020. Tesla shares were Capital World’s second-biggest holding, representing approximately 4.9% of Capital World Investors’ holdings as of September 30, 2020.
