BlackRock has been increasing its stake in Tesla for 25 consecutive quarters.
The world’s largest asset manager, which has nearly $13.5 trillion under management, has successively increased its position in the Elon Musk-led company since the second quarter of 2019.
Over the last six years, BlackRock’s holdings in Tesla have increased by 200 million shares.
In the third quarter of 2025, the company acquired about 770,000 Tesla shares, representing a 0.4% increase in its total holdings to over 206 million shares.
The stake was valued at $91 billion as of the end of the quarter.
Since September 30, Tesla‘s share price has slightly dropped by 3.2%, considering Wednesday’s close at $430.60, which led the stake’s value to decrease by around $2 billion.
Tesla Holdings
BlackRock first invested in Tesla in the second quarter of 2013, roughly three years after its IPO.
Back then, it acquired 19,311 shares, valued at $2 million.
The fund’s holdings surpassed 1 million shares for the first time in the first quarter of 2017, when it sharply increased its stake from around 100,000 shares to 5 million.
Since then, Tesla has undergone two stock splits: a 5-for-1 split in August 2020 and a 3-for-1 split in August 2022.
As a result, BlackRock’s position grew from 7.7 million shares in the second quarter of 2020 to 171 million shares by the third quarter of 2022.
Over the following three years, BlackRock continued to adjust its stake upward gradually, increasing by a total of 30 million shares in consecutive increments.
Tesla Institutional Ownership
Tesla‘s institutionally held shares have jumped in the third quarter of 2022, following the 3-for-1 stock split.
Since then, they have fluctuated around the same value of 1.6 billion shares.
According to Nasdaq data, as of Thursday, over 4,100 institutions collectively hold 1.59 billion Tesla shares.
Vanguard is the largest investor, with more than 252 million shares as of September 30, valued at $108 billion. BlackRock ranks second.
At the end of the previous quarter, BlackRock held stakes in 5,253 companies, with a total market value exceeding $5.7 trillion.
Its largest holdings were in tech giants Nvidia, Apple, and Microsoft, each valued at over $300 billion.
The asset manager has also increased its position in Lucid to a new record, with 5 million shares held by the end of the third quarter.
Meanwhile, BlackRock reduced its stake in Chinese EV maker Nio by 42.7%, leaving 2.2 million shares valued at $14 million.
