Elon Musk 13G filings are significant events for investors to track, as they indicate substantial ownership changes by the influential CEO of Tesla and other tech companies. These filings not only reveal Musk’s investment moves but can also significantly impact market dynamics.
Musk, who recently sent a new filing to the SEC, caused a sudden movement in Tesla stocks. So did Elon Musk really buy new Tesla stocks? What does this filing mean to investors? What is the reason for the sudden rise in stocks? Here’s a breakdown of what you need to know about Elon Musk 13G filings.
How does Elon Musk 13G filing impact the market?
When an investor acquires over 5% of a publicly traded company’s shares, they must file a Schedule 13G with the SEC within 10 days. The 13G form discloses the investor’s identity, their share purchase size, ownership percentage, and a statement of investment intent (passive or activist).
Elon Musk has a history of using 13G filings when taking sizable ownership positions in companies.
Elon Musk’s significant investments are often seen as bullish indicators, signaling to investors that he sees value and potential in the company. This investor confidence can spark additional interest in the stock, pushing share prices up. However, uncertainty about Musk’s long-term goals, especially if a filing initially indicates a passive investment intent, can lead to market fluctuations. Additionally, other investors often follow Musk’s moves, buying the same stocks and further amplifying the filing’s effect on the market.
In February 2024, Tesla issued a 13G revealing Musk’s 20.5% ownership stake as of December 31, 2023. Despite his existing large ownership position, this triggered a small jump in stock price. Previously, in a May 2023 filing, Musk’s ownership stood at around 13%. The recent filing gained significance due to a Delaware judge’s ruling regarding a void compensation plan that affected Musk’s stock options. Investors considered the potential impact of this decision on Musk’s future share ownership and control of the company.
But what does Elon Musk 13G filing mean for the investors? Sawyer Merritt explains:
Elon didn't buy any shares. He owns the same amount of Tesla as he did when his 13G filing came out a year ago.
Elon currently owns ~12.9% of Tesla outright, which amounts to 411 million shares. The reported 20.5% ownership figure includes 304 million stock options that Elon has… https://t.co/BnSOef6lDK
Group formation: Clearer guidance now exists on what constitutes a ‘group’ of investors influencing beneficial ownership rules
What does all these mean to investors?
Elon Musk’s investments carry significant weight. An increase in his ownership of a company can indicate his bullish outlook and increase demand for the stock, triggering a price surge. The opposite can be true as well, so keeping track of these filings is essential.
Uncertainty is a driving force in the market. If Musk’s filing signals passive ownership, but there’s doubt about his long-term intentions, fluctuations become likely due to speculation as investors try to predict his next move.
Many investors look to Elon Musk for investment cues. So, Musk’s moves tend to be mirrored, amplifying the market’s reaction to his filings.
So, Elon Musk 13G filings bring both potential opportunities for profit, given market reactions, and substantial risk since volatility and other investors’ decisions can make price prediction difficult. Yet, it is safe to say that Elon Musk did not purchase new Tesla shares as the Elon Musk 13G filing is just an indicator of how many shares he already owns.
Investing carries inherent risks. Always do your research and consult with a financial advisor before making any investment decisions.
What is a 13G filing?
A Schedule 13G is a form the SEC (Securities and Exchange Commission) requires when an investor (individual or group) buys more than 5% of a public company’s stock. It’s meant to keep things transparent, letting other shareholders and the public know who these big investors are and how much of the company they own. Investors have 10 days to file the 13G after buying those shares.
The 13G filing tells everyone the investor’s name, how many shares they bought, what percentage of the company they now own, and whether they plan to be a passive investor (just owning the stock) or if they want to change how the company runs (which might mean another form called a 13D later).
Tesla shares have had a rough start to 2024, but are surging following its first quarter earnings report on Tuesday where the electric vehicle manufacturer said it wanted to accelerate plans for offering more affordable models. The stock was up about 13 percent in early morning trading.
If You'd Invested $1,000 in Tesla 5 Years Ago, Here's How Much You'd Have Today. I won't keep you in suspense. The answer is: $8,862.79. That's how much money you'd have today if you had invested $1,000 in Tesla (NASDAQ: TSLA) stock five years ago -- and it's a pretty nice return, right?
Tesla (TSLA -1.57%) stock may be coming off its best week since last January, but investors aren't taking profits today. Shares of the electric-vehicle (EV) leader soared higher Monday after news over the weekend that CEO Elon Musk made a surprise -- and productive -- trip to China.
The 31 analysts with 12-month price forecasts for Tesla stock have an average target of 182.87, with a low estimate of 22.86 and a high estimate of 310. The average target predicts an increase of 3.00% from the current stock price of 177.55.
Historical daily share price chart and data for Tesla since 2010 adjusted for splits and dividends. The latest closing stock price for Tesla as of May 10, 2024 is 168.47. The all-time high Tesla stock closing price was 409.97 on November 04, 2021.
Wall Street consensus has 2024 Tesla earnings firmly below 2023's level. That signals another year of earnings declines for this growth stock. Wall Street currently expects Tesla earnings per share of just $2.70 in 2024, according to FactSet. That would be more than a 13% decline vs.
How Much Has Tesla Grown in the Past 10 Years? As of March 28, 2024, the price of Tesla's stock was $175.79. Ten years ago, at market close on March 28, 2014, Tesla's stock was trading at $14.16 per share. This means that $10,000 invested in Tesla in March 2014 would be worth about $124,145 today.
Investing $100: Based on a price of $681.79 at the time of writing, a $100 investment could purchase 0.1467 shares of Tesla. Tesla hit an all-time high of $1,243.49 on Nov. 4, 2021. If Tesla shares return to their all-time high, the $100 investment would be worth $182.42.
Some companies, such as Dropbox and Tesla, waited over a decade before turning their first profit. Tesla spent 17 years unprofitable, largely due to burning through tremendous volumes of money in order to grow.
He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.
Overall, about 40% of analysts covering Tesla stock rate the shares a Buy. The average Buy-rating ratio for stocks in the S&P 500 is about 55%. The average analyst price target for Tesla shares is about $182.
The latest reductions add to investors' growing fears following weak first-quarter deliveries, layoffs and a Cybertruck recall. Last week, Tesla issued a voluntary recall on 3,878 Cybertruck vehicles to repair a serious “trapped pedal” defect seen in a viral TikTok video from a Cybertruck owner.
What will Tesla be worth in 2025? Projections for the TSLA rate in 2025 vary significantly among analysts, with estimates ranging from a stock price above $300 to $3,000 per share.
Tesla has a conensus rating of Hold which is based on 8 buy ratings, 15 hold ratings and 9 sell ratings. The average price target for Tesla is $173.29. This is based on 32 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
With all of this in mind — considering a $251.34 share price at the time of publication — an initial $1,000 investment on June 22, 2012, would be worth more than $1.73 million today. Tesla has revolutionized the electric vehicle market in 20 years.
This means that your $1,000 10 years ago — technically, $1,002 — would have bought 60 shares of Tesla. As of Mar. 3, 2024, those 60 shares of Tesla would be worth $12,158.40. That marks a 28.342% annual rate of return.
8. If you had invested $1 in TSLA 10 years ago, you would have $100.89 today. However, if you had waited to invest in Tesla within the past few years, your payoff would be a whole lot smaller. A $1 investment in the company five years ago would leave you with $10.98 today.
Ian Wright was the third employee, joining a few months later. The three went looking for venture capital (VC) funding in January 2004 and connected with Elon Musk, who contributed US$6.5 million of the initial (Series A) US$7.5 million round of investment in February 2004 and became chairman of the board of directors.
Introduction: My name is Stevie Stamm, I am a colorful, sparkling, splendid, vast, open, hilarious, tender person who loves writing and wants to share my knowledge and understanding with you.
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