BlackRock disclosed on Friday that it added 3,482,055 Tesla shares in the first quarter, bringing its total holdings to a record 205,668,592 shares as of March 31. The world’s largest asset manager first took a position in the Elon Musk-led company in 2013.
The firm has now increased its stake in Tesla for 23 consecutive quarters, a streak dating back to the third quarter of 2019.
Its most significant purchase came in the third quarter of 2022, when it increased its position by over 210%, adding approximately 116.5 million shares.
In the same quarterly 13F filing, BlackRock also disclosed it increased its holdings in several other electric vehicle makers, acquiring around 817,000 shares in Lucid Motors, 1.3 million shares in China’s Nio, and 2,065,057 shares in Rivian. The firm now holds more than 49 million Rivian shares.
In April, registrations in several key European markets declined sharply. France saw a 54% year-on-year drop, while the Netherlands reported a 73.8% plunge to just 382 units.
Sales in Sweden fell 80.7% to the lowest monthly total since October 2022. Switzerland and Denmark also recorded declines of 49.6% and 67.2%, respectively.
The Model Y remained Norway’s best-selling vehicle across all powertrains for a second consecutive month, with 869 units registered in April. Italian registrations rose 29.3% to 446 units, while in Norway overall, Tesla sold 976 EVs last month, up nearly 12% year-on-year.
The company is preparing to provide the first robotaxi rides ever next month in Austin, Texas. The first batch of vehicles to be used will be Model Ys as Tesla moves on with production of its Cybercab model.
Tesla said on April 23 that it had already completed more than 1,500 trips and over 15,000 miles of driving in its internal testing for employees in Austin and the San Francisco Bay Area.
Tesla shares were trading 0.5% lower at $285 in Monday’s pre-market session. The stock is down 29% year to date but remains 55% higher over the past 12 months.
