Summary
- Institutional investors own about 66.2% of Tesla stock as of November 2024
- Vanguard Group Inc increased its Tesla holdings by 1.7% in the first quarter
- Strategic Financial Concepts LLC increased Tesla holdings by 21,816% in the second quarter
- ARK Invest raised its Tesla shares by 2.6% in the second quarter
- Tesla stock surged after Donald Trump secured his second term as President of the United States
Article
Tesla’s institutional investors have shown confidence in the company’s stock based on recent trading practices. As of November 11, 2024, institutional investors hold approximately 66.2% of Tesla stock, indicating a strong belief in the company’s performance. Several institutional investors have increased their TSLA holdings in the past year, demonstrating a bullish outlook on Tesla’s future prospects.
One notable institutional investor that increased its Tesla holdings is Vanguard Group Inc, which raised its TSLA holdings by 1.7% in the first quarter of the year. Vanguard now owns 233.6 million TSLA shares, valued at around $41.06 billion, showcasing a significant investment in the company’s stock. Another institutional investor, Strategic Financial Concepts LLC, increased its Tesla holdings by an impressive 21,816% in the second quarter, holding 5.9 million Tesla shares valued at $1.17 billion.
ARK Invest, a long-time Tesla bull, also increased its Tesla holdings by 2.6% in the second quarter and predicts Tesla’s shares to be valued at $2,600 by 2029. The investing firm is optimistic about Tesla’s future growth potential, particularly with the introduction of Tesla’s robotaxi services, which are expected to significantly contribute to the company’s enterprise value and earnings. These moves by institutional investors indicate a positive sentiment towards Tesla’s stock performance.
In the third quarter of 2023, Vanguard Group purchased an additional 3.8 million shares of Tesla, reaffirming its long-term investment in the company. Similarly, International Assets Investment Management LLC increased its Tesla stake by a significant 35,611.2% in the third quarter, now holding 11.05 million shares valued at $2.89 billion. These actions further highlight institutional investors’ confidence in Tesla’s growth potential and long-term strategy.
Tesla’s stock surged after Donald Trump secured his second term as President of the United States, leading the company to rejoin the trillion-dollar club shortly after Trump’s victory. The positive market reaction to Trump’s re-election demonstrates the market’s belief in Tesla’s ability to thrive under political stability and favorable economic conditions. Despite these positive developments, the writer of the content clarifies that they do not own TSLA shares, indicating an objective perspective on Tesla’s stock performance.
In conclusion, Tesla’s institutional investors have displayed confidence in the company’s stock, with several increasing their holdings in recent quarters. The strategic investments made by Vanguard Group, Strategic Financial Concepts LLC, ARK Invest, and other institutional investors reflect a positive outlook on Tesla’s future growth potential. The surge in Tesla’s stock price following Donald Trump’s re-election further emphasizes the market’s optimism about the company’s prospects. Overall, Tesla’s institutional investors continue to support the company’s stock, signaling a bright future ahead for the electric vehicle maker.
Read the full article here
