What Percentage of Tesla does Elon Musk own? Who is this?

What Percentage of Tesla does Elon Musk own? Entrepreneurs sell stock eventually, and Tesla CEO Elon Musk is no different. But he’s still firmly in control of the company he co-founded.

Even after selling Tesla (TSLA) stock eight times this year including his most recent sale of 22 million shares, Musk still owns 423.6 million shares, says S&P Global Market Intelligence. That gives him a 13.4% ownership position in the electric-vehicle company started in 2003 that he co-founded. That keeps him the largest single owner of the stock.

That also means Musk is still in more financial control of his company than many other tycoons are of theirs. Amazon.com (AMZN) founder Jeff Bezos owns just 9.7% of the company and Mark Zuckerberg still holds 13.3% of Meta Platforms (META), a costly position this year.

Some investors, though, still lament Musk’s selling. The selling seems connected to Musk needing to finance his ongoing fiasco at Twitter. “The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasing driven by Musk,” said Dan Ives, analyst at Wedbush.

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What Percentage of Tesla does Elon Musk own?

Elon Musk holds 13.04% of Tesla’s outstanding shares as of September 29, 2023. Although his stake has decreased from his peak of 23%, it is still a sizeable portion of the business.

In recent years, Musk has sold some of his Tesla stock to raise money for other projects including his SpaceX business and his purchase of Twitter. He is still Tesla’s largest shareholder and serves as its CEO and CTO, nevertheless.

Musk has a considerable level of authority over Tesla thanks to his investment interest in the company. He has the authority to select the company’s directors, determine its strategy, and make other crucial choices.

There have been some disputes concerning Musk’s ownership of Tesla. He has drawn criticism for having an excessive amount of authority and for utilizing his ownership stake to his advantage at the expense of other shareholders. Supporters of Musk counter that Tesla must maintain its commitment to its purpose of speeding the global transition to sustainable energy in order for him to maintain his ownership position.

What percentage of Tesla does Elon Musk own now?

Elon Musk holds 13.04% of Tesla’s outstanding shares as of September 29, 2023. This is based on the most recent SEC filings.

Who is largest shareholder of Tesla?

Tesla’s top stakeholder, Elon Musk, owns a 13.04% interest in the business. He also serves as Tesla’s CEO and CTO.

In recent years, Musk has sold some of his Tesla stock to raise money for other projects including his SpaceX business and his purchase of Twitter. He is still Tesla’s greatest shareholder and its most important leader, though.

Who is the third largest Tesla shareholder?

Leo KoGuan, who owns 3.13% of Tesla as of September 29, 2023, is the third-largest shareholder in the business. KoGuan, a multibillionaire from Indonesia, is the CEO of the shipping firm SHI International.

KoGuan has advocated Tesla and Elon Musk loudly. He has stated his belief in Tesla as the “future of transportation” and his admiration for Musk as a “genius.”

KoGuan has a substantial degree of power over Tesla thanks to his investment interest in the company. He has the ability to cast a vote on directors and other crucial issues.

The top 5 Tesla shareholders as of September 29, 2023, are shown below:Musk, Elon (13.44%)

(6.55%) The Vanguard Group, Inc.
KoGuan, Leo (3.13%)
Investment Management at Norges Bank (0.8872%)
(1.513%) Geode Capital Management LLC

How much does Elon Musk actually own?

By September 29, 2023, Elon Musk is expected to have a net worth of over $251.1 billion, making him the richest man on the planet. His investments in Tesla and SpaceX are the main sources of his riches, although he also holds stock in other businesses including Twitter and Neuralink.

Elon Musk’s estimated shareholding in various businesses is broken out as follows:

Tesla: 13.04%
42% for SpaceX
Twitter: 74% (through X Holdings, his business).
9% Neuralink
The Boring Company: 5 percent

Musk has a variety of personal possessions, including residences, automobiles, and boats, in addition to his ownership interests in these businesses. However, it is unknown what exactly these assets are worth.

It’s vital to remember that Musk’s estimated net worth can change depending on the stock market values of the businesses he owns. Additionally, this estimate does not account for Musk’s personal assets, meaning that his true net worth may be substantially higher.

Elon Musk is one of the richest people in the world, regardless of the precise size of his fortune. He has invested his riches in a number of businesses, such as Tesla, SpaceX, and Neuralink. Musk wants to improve transportation, space travel, and artificial intelligence via these businesses.

Who is richer than Elon Musk?

The CEO of the luxury goods conglomerate LVMH Mot Hennessy Louis Vuitton, Bernard Arnault, will have more wealth than Elon Musk on September 29, 2023. While Musk’s net worth is projected to be around $251.1 billion, Arnault’s is roughly $190.3 billion.

However, due to its closer connection to Tesla’s stock market performance, Musk’s net worth is more erratic than Arnault’s. The title of world’s richest person has occasionally been briefly held by Musk, but Arnault has always reclaimed it.

Depending on Tesla’s performance and other factors, Musk might once again overtake Arnault as the richest person in the world in the future. Arnault, though, is currently the richest person in the world.

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