The worth of Tesla shares
In order to calculate the worth of Tesla shares, we need to find out the number of shares outstanding and multiply it by the current share price. As of June 2019, there are 170,550,006 Tesla shares outstanding. This number can be found in the company's most recent 10-Q filing with the SEC.
Tesla's current share price is $242.92. This means that each Tesla share is currently worth $242.92.
This means that the total value of all Tesla shares is currently $41,162,619,152. This does not include any dilution that may occur from things like stock options or convertible debt.
The majority of Tesla shares are owned by institutions and insiders. As of June 30, 2019, institutions owned 83.9% of Tesla shares while insiders owned 9.1%.
There is also Tesla coin - a digital asset that can be used to purchase goods and services. It is not a physical coin, but rather a digital asset that is stored on a blockchain. It can be used to purchase goods and services from any merchant that accepts cryptocurrency.
The supply of the coin is limited to 21 million coins. This means that once all 21 million coins have been mined, no new coins will be created. This could potentially lead to an increase in its value over time.
Tesla's market capitalization has grown significantly in recent years as the company has become more successful. Tesla's market cap was just over $4 billion in 2013 and has grown to over $840 billion today.
Tesla's market capitalization could continue to grow in the future if the company continues to execute well and grow its business.
Who are the top Shareholders of Tesla?
Elon Musk, the founder, CEO and CTO of Tesla Motors, is the largest shareholder of Tesla with a 31.5% stake. He owns 22.8 million shares directly and 8.7 million shares through entities he controls.
The second largest shareholder of Tesla is George Soros's Quantum Partners LP with 7.7 million shares or 5%. Soros Fund Management LLC is the investment manager for Quantum Partners LP and other Soros family funds.
Fidelity Investments is the third largest shareholder of Tesla with 4.3 million shares or 2.9%. Fidelity has been a long-time investor in Tesla and first bought shares in the company in 2013.
Daimler AG, an early investor in Tesla, is the fourth largest shareholder with 4.0 million shares or 2.7%. Daimler sold its entire stake in Tesla in 2014.
Other notable shareholders of Tesla include:
- The Vanguard Group, Inc.: 3.8 million shares or 2.5%
- Steve Jurvetson: 3.7 million shares or 2.4% (Jurvetson was a early investor in Tesla and served on the company's board of directors from 2004 to 2017)
- Leonardo DiCaprio: 3.5 million shares or 2.3%
- Jeffrey Ubben's ValueAct Capital: 3.4 million shares or 2.2% (Ubben has been a director on Tesla's board since 2017)
- George Soros: 3.3 million shares or 2.2%
- Fidelity Investments: 3.2 million shares or 2.1%
- T. Rowe Price Associates, Inc.: 3.0 million shares or 2.0%
- BABA): 2.9 million shares or 1.9% (Alibaba is an investor in Tesla).
How much does Elon Musk own?
Elon Musk owns approximately 15% of Tesla’s stock, making him the largest individual shareholder. As of August 2022, his stake is worth about $131.7 billion.
Musk’s ownership stake in Tesla has varied over the years. He first bought shares in the company in 2004 when it was public for the first time and owned about 28% by early 2009. In 2013, he sold some of his shares to diversify his investments and reduce risk but still owned about 20% of Tesla. By 2017, his stake had grown to 22%.
In May 2020, Musk announced that he would sell up to $10 billion worth of Tesla stock to fund his new tunnel-digging venture, The Boring Company. This would reduce his ownership stake in Tesla to about 21%. As of August 2022, Musk has sold $6.9 billion worth of his Tesla shares.
Musk has also given away some of his Tesla shares to employees as part of their compensation packages. As of December 2020, about 5% of Tesla’s outstanding shares were owned by employees.
Musk’s voting rights over Tesla are currently subject to an agreement with Tesla’s board of directors. Under the agreement, he can only vote on matters that come before the full board and cannot vote on his own behalf. This arrangement was put in place to limit his power after he was accused of making misleading statements about taking the company private in 2018.
As of 2022, Musk owns over 15% of Tesla’s shares. He is the company’s largest shareholder and its most important voice. Musk’s role at Tesla has been compared to that of Steve Jobs at Apple Inc. (AAPL) and Bill Gates at Microsoft Corporation (MSFT). Like Jobs and Gates, Musk is considered a visionary leader who has been instrumental in the success of his company.