BlackRock Amends Tesla Stake: Holds 5.9% of Common Stock
Ticker: TSLA · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1318605
| Field | Detail |
|---|---|
| Company | Tesla, Inc. (TSLA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, large-holder
TL;DR
**BlackRock still owns a huge chunk of Tesla, showing they're in it for the long haul.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership of Tesla, Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, indicates BlackRock's continued significant passive investment in Tesla, holding 5.9% of the company's common stock, which amounts to 189,965,040 shares. This matters to investors because BlackRock, as one of the world's largest asset managers, is maintaining a substantial stake in Tesla, signaling confidence in the company's long-term prospects, even as its percentage ownership slightly decreased from previous filings.
Why It Matters
BlackRock's continued large, passive stake in Tesla signals institutional confidence, which can influence other investors and potentially stabilize the stock price.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a major institutional investor, which generally reduces volatility rather than increasing risk.
Analyst Insight
An investor should note BlackRock's consistent, large, passive stake in Tesla, which suggests long-term institutional confidence, but this filing alone doesn't indicate any immediate catalysts for price movement.
Key Numbers
- 189,965,040 — Shares Owned (Represents the total number of Tesla common shares BlackRock beneficially owns as of December 31, 2023.)
- 5.9% — Percentage Ownership (Indicates BlackRock's significant stake in Tesla, showing its influence as a major shareholder.)
- December 31, 2023 — Reporting Date (The snapshot date for the ownership data, providing a recent view of BlackRock's position.)
- Amendment No. 3 — Filing Amendment Number (Shows this is an update to previous filings, indicating ongoing adjustments to BlackRock's position.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Tesla, Inc. (company) — the subject company whose securities are being reported
- 189,965,040 (dollar_amount) — number of shares of common stock beneficially owned by BlackRock
- 5.9% (dollar_amount) — percentage of Tesla's common stock beneficially owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Tesla, continuing to be a major institutional holder. (BlackRock Inc.) — high confidence, target: December 31, 2024
- Tesla's stock price will likely see continued institutional support due to large holders like BlackRock. (Tesla, Inc.) — medium confidence, target: June 30, 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) by BlackRock Inc. to report its beneficial ownership of Tesla, Inc. common stock as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing, and what company's stock are they reporting on?
The reporting person is BlackRock Inc., and they are reporting on their ownership of common stock in Tesla, Inc.
How many shares of Tesla common stock does BlackRock Inc. beneficially own, and what percentage does this represent?
As of December 31, 2023, BlackRock Inc. beneficially owns 189,965,040 shares of Tesla, Inc. common stock, which represents 5.9% of the class of securities.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Tesla, Inc. (TSLA).