More than 50% of Tesla Motors Inc. (NASDAQ: TSLA) shares outstanding are held by 13 individuals and three investment firms. Of the 13 individuals, CEO Elon Musk owns 26.5% of the outstanding shares, and the other 12 collectively own 1.2%.
The percentages are based on a share count of 131.42 million shares outstanding as of December 31, 2015, according to the company’s definitive proxy statement filed ahead of its May annual stockholders meeting.
That Musk still holds more than a quarter of the company’s shares should be no surprise. What may be surprising is the Musk’s salary in 2015 was a meager $37,584. Chief Financial Officer Jason Wheeler’s salary was almost as low, at $46,154, but Wheeler received nearly $21 million in stock options for the year and Musk received none. Tesla’s chief technical officer, Jeffrey Straubel, was paid a salary of $250,560 in 2015 and received no stock awards.
Here’s a look at Tesla’s top five shareholders.
Elon Musk, founder and CEO, owns 37.19 million shares (26.5% of shares outstanding at the end of December 2015). At Tuesday’s closing price, the shares are valued at $8.45 billion. Musk is also the chairman of SolarCity Corp. (NASDAQ: SCTY), which Tesla is buying for $2.6 billion in stock, and CEO of SpaceX.
Tesla’s second largest shareholder is FMR LLC, a Fidelity company, which owns 10.2% (13.34 million) of Tesla’s outstanding shares. At Tuesday’s closing price, FMR’s stake is valued at $3.03 billion. FMR’s largest holdings include stakes of nearly $26 billion in both classes of Google stock, $17.4 billion in Facebook stock and nearly $16 billion in Apple stock.
Baillie Gifford & Co. is Tesla’s third-largest shareholder, with 10.71 million shares (10.2% of shares outstanding), valued at $2.43 billion as of Tuesday’s close. The investment firm is based in the United Kingdom and has its largest holdings in Amazon ($4.85 billion), Baidu ($4.8 billion) and Alibaba ($3.37 billion).
Tesla’s fourth-largest stockholder is T. Rowe Price Associates, which holds 7.87 million shares, valued at about $1.79 billion. The investment firm’s largest holdings are Amazon ($13.6 billion), Microsoft ($9.23 billion) and Facebook ($7.75 billion).
The fifth largest stockholder is Vanguard Group which holds 4.32 million shares valued at about $981 million. The investment firm also holds large stakes in Apple ($36 billion), Microsoft ($27.4 billion), and Exxon Mobil ($22.35 billion.) [Editor’s note: An earlier version of this story erroneously identified Tesla CTO Jeffrey Straubel as the fifth-largest holder of Tesla stock.]
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
