Elon Musk’s Portfolio: 5 Biggest Investments

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 90    

Tesla, Inc. (NASDAQ:TSLA) is one of the fastest growing companies in the world. Musk was not a founding member of the firm but one of the earliest financiers who invested in it as early as 2004. Musk went from being a board member of the company to the CEO in 2008. Tesla went public two years later at an initial price of $17 per share. As of April 24, the shares have climbed over $1,000. Apart from making and selling electric cars, the company has also revealed plans to produce electric trucks. 

Musk is the largest Tesla, Inc. (NASDAQ:TSLA) shareholder. This is the primary source of the Musk fortune, who is the richest man in the world. At the end of 2021, Musk owned 177 million shares of Tesla worth almost $142 billion. 

At the end of the fourth quarter of 2021, 91 hedge funds in the database of Insider Monkey held stakes worth $12.9 billion in Tesla, Inc. (NASDAQ:TSLA), compared to 60 in the previous quarter worth $10.6 billion.

Here is what ClearBridge Investments had to say about Tesla, Inc. (NASDAQ:TSLA) in its Q4 2021 investor letter:

“Within the growth universe we target, emerging growth stocks – the category with the highest revenue growth rates – significantly underperformed the overall growth categories in 2021 after leading performance in 2020. The pull-through effect on digitization, online access across industries, and spending to modernize outdated corporate infrastructures accelerated trends in a highly compressed time frame. Much of that trend slackened in 2021 and shares of these companies, while showing good top-line growth, saw slowing appreciation from the blistering pace in the prior year. With that moderating growth, multiples decelerated from 2020 highs. Bucking the headwinds among our emerging growth names was Tesla, Inc. (NASDAQ:TSLA) which saw continued sales momentum from their leadership positions in the key growth areas of electric vehicles.”