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That's wild. I'd have thought 401ks and institutional investors would be orders of magnitude more money than etrade and tdameritrade stock accounts. crazy.
by jfoutz 9y ago
That's wild. I'd have thought 401ks and institutional investors would be orders of magnitude more money than etrade and tdameritrade stock accounts. crazy.
- tcoppi 9y agoTSLA is approximately 66% owned by institutional investors(investment banks, funds of any sort(including active and index funds that may be in 401(k)s). That leaves ~30% of the shares controlled by individuals, which is fairly typical.
- jfoutz 9y agoThat's sort of a weird way of looking at it. Don't Musk and Ahuja own like 10% of the shares? Is there an easy way to get non-insider, non-institutional numbers?
- deleted 9y ago[deleted]
- deleted 9y ago[deleted]
- tcoppi 9y agoAs of February Elon owns 22%. He and other board members/early investors are individuals so I don't see how it is weird to include them, though.
- jfoutz 9y agoAh, OP's assertion was the price is crazy from retail investors, which i assume would be non-institutional, non-insiders. It's impressive that a few % of owners can double the share price. Unless, they meant Musk was buying shares at $350+
- tcoppi 9y agoI mean, I don't think that is what is happening right now, but you might be surprised what it takes to move a market sometimes. The Flash Crash[1] was caused by a single individual. Granted he was playing with futures and you can get some insane leverage with a modest account there, but it is within the ability of a couple of individuals with six-figure accounts to make some well placed bets and move a market significantly. 1.https://en.wikipedia.org/wiki/2010_Flash_Crash#Evidence_of_market_manipulation_and_arrest https://en.wikipedia.org/wiki/2010_Flash_Crash#Evidence_of_m...
- consz 9y agoHow much faith do you have in the statement that the flash crash was actually caused by a single individual?
- tcoppi 9y agoHe definitely set off a chain of events that caused automated market makers to re-evaluate their idea of a fair market value rapidly in the downward direction, and it cascaded from there.
- gertef 9y agoIndividuals who are company insiders or own a substantial portion of shares, are of a different character from small outsiders.
- vonmoltke 9y agoMusk owns ~20.5% of the outstanding shares. Ahuja does not appear to own an appreciable number (directly, at least).