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Author Topic: Electric Vehicles  (Read 22964 times)

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Re: Electric Vehicles
« Reply #360 on: March 15, 2018, 08:56:44 pm »
Which major car group owns Tesla?

March 12, 2018

David Herron, Lead Software Engineer at Amzur Technologies (2017-present)

Tesla is no longer called Tesla Motors, and has product lines in solar power and energy storage besides the car products we抮e more familiar with.

The company is not a subsidiary of some other conglomerate of something or other. It is a standalone company, built the hard way with investment dollars and employees.

There was a time in 2008𥑯0 when Toyota and Daimler both bought chunks of Tesla Motors (as it was called at that time). Tesla Motors was close to the edge of bankruptcy, and needed the investment dollars. Both Toyota and Daimler have since pulled out of Tesla, selling their stakes.

The money Toyota invested into Tesla almost exactly equalled the price Tesla paid to Toyota for the factory in Fremont. Toyota and GM had jointly operated that factory, with GM pulling out during the crash of the auto industry, and Toyota deciding they抎 better shutter the plant. Tesla as a result got the factory for a song, and that抯 the asset which is most propelling Tesla抯 growth.

During that time period, Tesla Motors and Toyota jointly developed the Gen2 Toyota RAV4 EV. When it was unveiled, that car was designed on the outgoing RAV4 platform - meaning that updating the RAV4 EV to the new RAV4 platform would have meant a redesign. Additionally, Toyota announced they抎 be selling exactly 2,500 of the RAV4 EV抯, presumably enough to gain CARB ZEV compliance.

For Daimler, Tesla helped the company with development of the B Class Electric and IIRC a version of the Smart ED. Since then Daimler has decided to go their own way rather than rely on Tesla抯 technology, and sold out their stake.

Because Tesla relies on investor dollars to keep afloat, its stock ownership is spread among a group of investment houses. Arthur Stepanyan抯 answer gives good details on this. The largest shareholder stake is Elon Musk, the CEO.

Arthur Stepanyan, Car fanatic since the age of 8

Tesla is not owned by any major car company. I抦 not sure if any car - or auto industry - company owns a bit of Tesla stock, but the major shareholders do not include any such companies. They are as follows, based on available data:

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.

Tesla's second largest shareholder is FMR LLC, a Fidelity company, which owns 10.2% (13.34 million) of Tesla's outstanding shares. 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. 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 Tesla's chief technical officer, Jeffrey Straubel, who beneficially owns 584,601 shares, valued at $132.82 million


Rob not the poor, because he is poor: neither oppress the afflicted in the gate:
For the Lord will plead their cause, and spoil the soul of those that spoiled them. Pr. 22:22-23


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