Elon Musk’s Stock Ownership
Elon Musk has become one of the most influential people in the world and the world can’t seem to get enough of him and his ambitious ideas. He is the CEO and founder of Tesla, SpaceX, and the Boring Company, and he also holds a substantial amount of stock in these companies. In order to understand Elon’s current wealth and investments, it is important to have a basic understanding of how many shares of stock he owns, and to answer this we have to look into the world of investing.
What is a Stock?
A stock is an ownership of a publicly traded company. It is usually sold in the form of stocks, or units of ownership, of a company’s equity or capital. When you purchase a stock, you become an owner of a company, and when the company profits, you can receive a portion of that profit as a dividend.
Tesla
Elon Musk is the founder, CEO, and largest shareholder of Tesla, Inc. His current Tesla shares amount to 33,741,322, which is a 21.9% stake in the company. As of March 2020, his Tesla shares are worth approximately $22.3 billion. Musk also has options to purchase up to 5,274,901 more Tesla shares, worth approximately $3.7 billion, and this option will expire in October 2021.
SpaceX
Musk is also the Founder, CEO, and CTO of The Boring Company. It is privately held and the exact stock ownership stake is unknown. It is estimated that Musk owns 75-80% of the company, and based on the company’s 2019 valuation of almost $30 billion, his stake could be estimated at around $21-24 billion.
The Boring Company
Musk is also the founder and CEO of SpaceX, the aerospace manufacturer and space transportation services company. In 2017, Musk was estimated to own 54% of the company. This ownership stake was valued at around $12 billion.
Investment Strategy
Elon Musk’s stock ownership reflects his long-term investment strategy. He wants to make sure that he has substantial control over the companies he has founded before selling or transferring his shares. Musk has famously said that he has “no plans to sell any of his personal shares” and that he prefers to have a long position in the stocks he holds.
Comparing the share price of Tesla, The Boring Company, and SpaceX can give a good indication of how well the companies are doing, and how the value of Musk’s shares can fluctuate over time. As of March 2020, Tesla shares were trading at $563.79, while SpaceX shares were trading at $11.20 and The Boring Company shares were at $39.50. This means that the total value of Elon Musk’s shares in the three companies could be estimated at more than $30 billion.
Conclusion
In conclusion, Elon Musk owns an estimated 33,741,322 Tesla shares, worth approximately $22.3 billion. He also has options to purchase up to 5,274,901 more Tesla shares, worth around $3.7 billion, and he holds a substantial stake in SpaceX and The Boring Company. Musk’s strategy of holding long positions in his companies allows him to have an additional level of control over them. It is clear that his long-term investments have paid off, and his total investment portfolio is estimated to be worth more than $30 billion.
