Will Tesla’s Loan Renegotiation Make These Top Institutional Shareholders Happy?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Tesla Motors (NASDAQ:TSLA) negotiated with the U.S. Department of Energy to amend the terms of agreement beneath which it received loans totaling $465 million to produce electric cars. Increasing realizations from sales of Zero Emission Vehicle credits from its electric cars, along with negative conversion terms of warrants forming part of the loan agreements, and kick in case the loans are defaulted, pushed Tesla to negotiate earlier repayment of the loans. Now, Tesla hopes to pay by December 2017 instead of the originally scheduled 2022. Chief Financial Officer Deepak Ahuja stated: “The value of those warrants is very substantial. The terms of the original loan had a very good incentive for us to pay off the loan early. This in some ways formalizes that and avoids the vesting of that warrant.”

These institutional firms indicated owning shares of Tesla Motors in Q4 2012. They reported owning a total of 88.396 million shares on 12/31/2012. The shares closed at $33.87 on 12/31/2012.

The stock market is roaring back in 2013. Click here now to discover winning stocks!

Here are the ten largest positions in Tesla Motors at the end of December 31st, 2012.

FMR LLC held 17,066,829 shares on 12/31/2012 worth $578,053,480. This brought the portfolio total to 0.1%.

Capital Research Global Investors held 6,439,293 shares on 12/31/2012 worth $218,098,847. This brought the portfolio total to 0.1%.

Allianz Asset Management AG held 3,408,824 shares on 12/31/2012 worth $115,456,865. This brought the portfolio total to 0.14%.

Vanguard Group Inc held 3,404,201 shares on 12/31/2012 worth $115,300,284. This brought the portfolio total to 0.01%.

Artisan Partners LP held 3,318,400 shares on 12/31/2012 worth $112,394,204. This brought the portfolio total to 0.28%.

Marsico Capital Management LLC held 3,261,721 shares on 12/31/2012 worth $110,474,487. This brought the portfolio total to 0.52%.

Cadian Capital Management LLC held 2,540,000 shares on 12/31/2012 worth $86,030,000. This brought the portfolio total to 2.8%.

Wells Fargo & Company/MN held 2,505,752 shares on 12/31/2012 worth $84,869,818. This brought the portfolio total to 0.05%.

Invesco Ltd. held 2,340,487 shares on 12/31/2012 worth $79,272,292. This brought the portfolio total to 0.04%.

Morgan Stanley held 2,310,650 shares on 12/31/2012 worth $78,261,713. This brought the portfolio total to 0.05%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business