One thing investors should consider when projecting how Tesla shareholders will vote on any issue is the structure of Tesla’s shareholder base. A significant chunk of the EV maker’s stock is held by individuals, so-called retail investors, who own about 41% of Tesla stock available for trading, according to Bloomberg. Institutions, such as a mutual fund, hold the rest.
That’s a lot. For the rest of the Magnificent Seven, retail shareholders own an average of about 25% of the shares available for trading. The average level of retail shareholding for stocks in the S&P 500 is roughly 5%.
www.barrons.com
#Tesla #Stock #Masses
