4 ms·

He's the largest shareholder in both so idk what you mean by "small minority"

• mcguire 3y ago
  The largest single shareholder. Musk owns 12.9% of Tesla; the second largest is Vanguard, with 6.9%, followed by various other investment fund companies.
  • DoesntMatter22 3y ago
    A shareholder is singular. What else can a person or company be but a single shareholder? He by far and away owns the most stock of any person or organization.
    • MBCook 3y ago
      If the largest shareholder had 50.0001% of the shares, they’d be untouchable. No matter what, as long as they can vote they can get their way even if every other shareholder wants ‘em out. If the largest shareholder (let’s say Frank) has 5% of the shares it’s possible to overrule them. You just need enough people to band with you that your collective shares outnumber the collective shares of Frank and others who will vote with him. I should also note that this only matters for voting shares. I can own 97% of Microsoft shares and if I don’t have any voting shares I get as much direct say as my dog.
      • DoesntMatter22 3y ago
        None of that really matters because there are no large companies where an individual owns 50+% of the shares. Musk is still the single largest shareholder, so someone saying he owns a "small minority" doesn't make any sense.
• pclmulqdq 3y ago
  A "small minority" means "a lot less than 50%," which is true. He may be the largest shareholder, but he has a minority stake, and his stake is not even close to a majority. Shareholders do not vote in isolation to each other, they can coordinate. The coordinator usually is the company management, but it can be activist investors. An activist can get enough votes to do something with Tesla without talking to Musk - this is not the case at Google or Facebook.