Vanguard Purchases 57.M Tesla Shares, Becomes Third-Largest Shareholder
After joining the S&P 500, Tesla Inc (NASDAQ: TSLA) has been added to many index funds that follow the benchmark.
But large companies have been investing in Tesla for many years.
According to a 13G filing with the SEC, Vanguard has upped its investment in Tesla.
Vanguard purchased over 57 million shares, making it the thir- largest shareholder in Tesla, with CEO Elon Musk being the No. 1 holder and Susquehanna Securities No. 2, according to Investopedia.
Tesla has had an impressive run, up approximately 1,000% from its lockdown lows in March.
The company continues to increase vehicle production and deliveries by about 50% year-over-year. The company also invested .5 billion in Bitcoin.
TSLA Price Action: Tesla shares lost 5.26% Wednesday, closing at $804.82.
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Photo courtesy of Tesla.
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