Elon Musk Vs. Index Funds: Who Owns More Tesla Stock?
, though he remains the company’s largest individual stakeholder. However, despite a disdain for index funds and passive investing, some of those firms now make up a large portion of Tesla’s shares.
Tesla joined the S&P 500 in 2020, and it has since become a part of many index funds which have had to purchase the automaker’s shares at the company’s weighting in benchmarks. At the time of Tesla’s inclusion into the S&P index alone, nearly $2 trillion in index funds that followed the firm’s holdings were forced to purchase the automaker’s shares.
Musk has been vocal in his support of active investment over passive funds in the past, and while each of the three indexes may well be investing in Tesla with their active funds, most of these stakes are likely made up of passive investments. Still, Tesla’s index fund ownership is less than the average passive ownership of most U.S. companies listed on the stock market, asMusk says he doesn’t plan to sell any more Tesla shares for this year, with plans to hold off for 18–24 months.
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