HomeEconomyTesla equity exposure: Musk holds 21% of the shares

Tesla equity exposure: Musk holds 21% of the shares

As of December 31, 2021, Tesla CEO Elon Musk holds 21.2%, The Vanguard Group holds 6%, Blackrock holds 5.1%, and Ira Ehrenpreis holds 1.5%.

Forbes recently released the 2022 global billionaires list. Musk, 50, has a fortune of $219 billion, pushing Amazon founder Bezos to continue to become the world’s richest man.

Musk’s source of wealth mainly depends on Tesla and SpaceX.

Over the past year, Musk’s fortune has increased by $68 billion. Musk has also focused on selling a volatile $16 billion-plus Tesla stake in two months in 2021, potentially creating the largest personal annual tax bill ever.

According to US SEC filings, Musk also sold a total of 5.23 million Tesla shares on April 28, 2022, at a price of $822.68 to $902.85 per share, worth about $4.5 billion.

Two days earlier, Musk also sold more than 4.4 million shares at between $870 and $1,000 each, for a total value of about $4 billion. In other words, Musk cashed out more than $8.5 billion in a week.

That is to say, in less than a year, Musk has accumulated more than $20 billion in cash.

Take Twitter private for $44 billion

On April 26, 2022, Twitter announced that the company’s board of directors had accepted Musk’s $44 billion offer to take it private.

Musk bought Twitter for $54.2 a share, the same price he made in his initial offer earlier this month. The deal, which is expected to close in 2022, will make Twitter a privately held company.

Under the terms of the agreement, upon closing of the proposed transaction, Twitter shareholders will receive $54.2 in cash for each share of Twitter common stock they hold. The purchase price represents a 38% premium to Twitter’s closing price on April 1, 2022.

“Free speech is the cornerstone of how democracy works, and Twitter is a digital city square where people discuss issues that are vital to the future of humanity,” Musk said. “I also hope to enhance products with new features, open source algorithms to Adding trust, beating spam bots, and authenticating everyone makes Twitter better than ever.”

Currently, Musk has secured $25.5 billion in full debt and margin loan financing and has provided about $21 billion in equity commitments. There are no financing conditions for the completion of the transaction.

Tesla’s annual revenue of $53.823 billion

Tesla’s revenue in 2019, 2020, and 2021 was $24.578 billion, $31.536 billion, and $53.823 billion, respectively; gross profit was $4.069 billion, $6.63 billion, and $13.6 billion, respectively.

Tesla’s total production in 2021 is 930,422, of which 24,390 Model S/X and 906,032 Model 3/Y; total deliveries are 936,172, including 24,964 Model S/X and 911,208 Model 3/Y.

Tesla’s operating profits in 2019, 2020, and 2021 were -$69 million, $1.994 billion, and $6.523 billion, respectively; net profits were -$775 million, $862 million, and $5.644 billion, respectively.

Among them, Tesla’s revenue in the fourth quarter of 2021 was US$17.719 billion, an increase of 65% from US$10.744 billion in the same period last year, and revenue in the previous quarter was US$13.757 billion.

Tesla’s fourth-quarter 2021 operating profit was $2.613 billion, up 354% from $575 million a year earlier, on revenue of $2 billion in the previous quarter.

Tesla sold a total of 305,800 vehicles in the fourth quarter of 2021, of which, sales from Model S/X were 13,100 vehicles, down 19% from the previous year; sales from Model 3/Y were 292,700 vehicles, An increase of 70% over the previous year.

Tesla’s revenue in the first quarter of 2022 was $18.756 billion, compared with $10.389 billion in the same period last year; gross profit was $5.46 billion, compared with $2.215 billion in the same period last year; net profit was $3.28 billion, compared with $2.215 billion in the same period last year Net income for the same period was $464 million.

Tesla delivered a total of 310,048 vehicles in the first quarter of 2022.

As of today, Tesla shares are trading at $909 with a market cap of $942 billion.



Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular