Written by Cláudio Afonso and Matilde Alves
Schwab Asset Management, one of the largest ETF providers in the U.S., added nearly 800,000 shares in Tesla, its recently released fourth-quarter 13F filing showed.
As of December 31, the investment management firm held over 17.32 million shares, valued at almost $7 billion, up from about 16.55 million in the previous quarter.
The asset management arm of The Charles Schwab Corporation opened a position in the company in mid-2013, three after the company’s initial public offering. By that time, the firm had acquired 72,219 Tesla shares and has continued to increase its investment in Elon Musk’s company ever since.
Institutional ownership
Currently, and according to Nasdaq’s website, Charles Schwab is among Tesla’s top 15 institutional shareholders.
As of Monday, the company has 4,878 institutional shareholders who hold about 1.66 billion shares valued at $467 billion, according to Fintel.
The major shareholders are Vanguard Group (which owned nearly 240 million shares as of the end of Q3 2024), BlackRock (202 million), and State Street Corp (111.7 million). BlackRock acquired 7.4 million shares in the last quarter of 2024 increasing its position by 3.8%.
At the time of writing, Tesla is trading at $360.50, down 0.4%, after having closed at $361.6 on Friday. Over the last twelve months, Tesla shares have soared 92%.
Sales and Earnings
In 2024, Tesla reported a full-year net income of $8.4 billion, down 23% from 2023 and 40% from the record $14.1 billion profit in 2022. Full-year revenue hit a record of $97.7 billion.
In the U.S., registrations dropped 10% year over year in January, according to Motor Intelligence estimates released on Tuesday. The company registered 48,500 vehicles, down from the 53,830 recorded a year ago.
Registrations in Germany fell 59.5% year over year in January to 1,277 units. In France, the U.S. carmaker registered 1,141 vehicles last month, down 63% from 3,118 in January 2024. In the Netherlands, registrations fell 42% to 927 units.
Tesla’s UK vehicle registrations dropped 7.78% in January to 1,458 units. China’s sales also declined 11.5% from 71,447 units year over year.
Written by Cláudio Afonso and Matilde Alves
