Imagine having a stake in the future of electric cars, renewable energy, and space exploration – a stake that could potentially translate into billions of dollars in profits. This is the reality for the lucky few who own the most shares of Tesla, Inc., the pioneering company founded by the visionary Elon Musk.
In an era where sustainable energy and eco-friendly practices are becoming increasingly important, Tesla has established itself as a leader in the electric vehicle market, with a market capitalization of over $1 trillion. As the company continues to push the boundaries of innovation, its stock has become a coveted asset for investors and stakeholders alike.
But have you ever wondered who the lucky few are that own the most shares of Tesla? Are they institutional investors, individual billionaires, or perhaps even Elon Musk himself? The answer may surprise you. Knowing who owns the most shares of Tesla matters because it can provide valuable insights into the company’s governance, future direction, and potential risks and opportunities.
In this article, we’ll delve into the world of Tesla’s top shareholders, exploring who they are, how many shares they own, and what their stakes mean for the company’s future. By the end of this post, you’ll have a deeper understanding of the dynamics at play and what they might mean for your own investment decisions. So, buckle up and let’s dive into the world of Tesla’s most influential shareholders!
Who Owns the Most Shares of Tesla?
Understanding Tesla’s Share Structure
Tesla, Inc. is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol TSLA. As a publicly traded company, Tesla’s shares are owned by a diverse group of individuals, institutions, and organizations. The ownership structure of Tesla is complex, with various stakeholders holding different types of shares and warrants. Understanding the share structure of Tesla is crucial to understanding who owns the most shares of the company.
Tesla’s share structure consists of three main types of shares: Class A common stock, Class B common stock, and warrants. Class A common stock represents the majority of Tesla’s outstanding shares and is traded publicly on the NASDAQ. Class B common stock, on the other hand, is held by Tesla’s founders, Elon Musk, JB Straubel, Martin Eberhard, and Marc Tarpenning, as well as other early investors. Warrants, which give the holder the right to purchase shares at a specified price, are also part of Tesla’s share structure.
Who Owns the Most Shares of Tesla?
The largest shareholders of Tesla are primarily institutional investors, such as mutual funds, pension funds, and sovereign wealth funds. According to Tesla’s most recent proxy statement filed with the Securities and Exchange Commission (SEC), the top 10 shareholders of Tesla hold a combined stake of approximately 20% of the company’s outstanding shares.
- The Vanguard Group, Inc. holds approximately 6.5% of Tesla’s outstanding shares.
- BlackRock, Inc. holds approximately 5.5% of Tesla’s outstanding shares.
- The State of Alaska Department of Revenue holds approximately 4.5% of Tesla’s outstanding shares.
- The Capital Research and Management Company holds approximately 4.1% of Tesla’s outstanding shares.
- The FMR, LLC (Fidelity) holds approximately 3.7% of Tesla’s outstanding shares.
- The SSgA Funds Management, Inc. holds approximately 3.4% of Tesla’s outstanding shares.
- The Capital World Investors holds approximately 3.1% of Tesla’s outstanding shares.
- The Geode Capital Management, LLC holds approximately 2.9% of Tesla’s outstanding shares.
- The T. Rowe Price Associates, Inc. holds approximately 2.7% of Tesla’s outstanding shares.
- The State Street Corporation holds approximately 2.5% of Tesla’s outstanding shares.
It’s worth noting that the largest individual shareholder of Tesla is Elon Musk, who owns approximately 17.9% of the company’s outstanding shares. However, Musk’s ownership stake is largely composed of stock options and warrants, which are subject to certain vesting and exercise conditions.
What Do the Numbers Mean?
The ownership structure of Tesla is complex and dynamic, with various stakeholders holding different types of shares and warrants. The top 10 shareholders of Tesla hold a combined stake of approximately 20% of the company’s outstanding shares, with institutional investors such as Vanguard and BlackRock holding the largest stakes. Elon Musk, as the largest individual shareholder, holds a significant stake in the company, but his ownership stake is largely composed of stock options and warrants.
The ownership structure of Tesla has implications for the company’s governance and direction. As a publicly traded company, Tesla is subject to the scrutiny of shareholders and regulators. The company’s board of directors is responsible for making strategic decisions and overseeing the company’s operations, and the ownership structure of the company can influence the composition of the board and the company’s overall direction.
Practical Applications and Actionable Tips
For investors, understanding the ownership structure of Tesla is crucial to making informed investment decisions. By analyzing the company’s share structure and the ownership stakes of its largest shareholders, investors can gain insights into the company’s direction and potential risks and opportunities.
For institutional investors, understanding the ownership structure of Tesla can help them make informed decisions about their investments. By analyzing the company’s share structure and the ownership stakes of its largest shareholders, institutional investors can identify potential opportunities and risks and make informed decisions about their investments.
For individual investors, understanding the ownership structure of Tesla can help them make informed decisions about their investments. By analyzing the company’s share structure and the ownership stakes of its largest shareholders, individual investors can gain insights into the company’s direction and potential risks and opportunities.
In conclusion, the ownership structure of Tesla is complex and dynamic, with various stakeholders holding different types of shares and warrants. The top 10 shareholders of Tesla hold a combined stake of approximately 20% of the company’s outstanding shares, with institutional investors such as Vanguard and BlackRock holding the largest stakes. Elon Musk, as the largest individual shareholder, holds a significant stake in the company, but his ownership stake is largely composed of stock options and warrants. Understanding the ownership structure of Tesla is crucial to making informed investment decisions and gaining insights into the company’s direction and potential risks and opportunities.
Who Owns the Most Shares of Tesla?
Background and Overview
Tesla, Inc. is a multinational corporation that designs, manufactures, and sells electric vehicles, clean energy generation and storage systems. As of 2023, Tesla is one of the largest and most successful companies in the electric vehicle market. With its innovative products and expanding presence, Tesla has attracted the attention of many investors and shareholders. In this section, we will explore who owns the most shares of Tesla and the implications of this ownership structure.
Tesla’s success can be attributed to its innovative products, such as the Model S, Model X, and Model 3 electric vehicles, as well as its energy storage products like the Powerwall and Powerpack. The company has also expanded its presence in the energy sector with the acquisition of SolarCity in 2016. As a result, Tesla has become a leader in the electric vehicle and clean energy markets.
Who Owns the Most Shares of Tesla?
To determine who owns the most shares of Tesla, we need to look at the company’s largest shareholders. According to Tesla’s most recent proxy statement, the largest shareholders include:
- Elon Musk, CEO and Product Architect: 20.3% ownership
- The Vanguard Group, Inc.: 7.1% ownership
- BlackRock, Inc.: 5.1% ownership
- State Street Corporation: 4.1% ownership
- Fidelity Management & Research Company: 3.5% ownership
Elon Musk’s Ownership and Influence
Elon Musk is the largest shareholder of Tesla and has significant influence over the company’s direction. As CEO and Product Architect, Musk has been instrumental in shaping Tesla’s products and strategy. His ownership stake in the company is approximately 20.3%, making him the largest individual shareholder. (See Also: Is Tesla Changing Body Style? – Electric Revolution Ahead)
Musk’s influence on Tesla extends beyond his ownership stake. He is also the company’s CEO and Product Architect, giving him significant control over the company’s operations and decision-making process. Musk’s vision for Tesla is centered around accelerating the world’s transition to sustainable energy, and he has been instrumental in driving the company’s growth and innovation.
The Vanguard Group, Inc. and BlackRock, Inc.
The Vanguard Group, Inc. and BlackRock, Inc. are two of the largest institutional investors in Tesla. They have significant ownership stakes in the company and have been major supporters of Tesla’s growth and expansion.
The Vanguard Group, Inc. is a leading investment management company that offers a range of investment products to its clients. Its ownership stake in Tesla is approximately 7.1%, making it the second-largest shareholder after Elon Musk.
BlackRock, Inc. is another leading investment management company that offers a range of investment products to its clients. Its ownership stake in Tesla is approximately 5.1%, making it the third-largest shareholder.
Implications of Tesla’s Ownership Structure
Tesla’s ownership structure has significant implications for the company’s direction and decision-making process. With Elon Musk as the largest shareholder and CEO, the company’s direction is closely tied to Musk’s vision and leadership. The significant ownership stakes held by institutional investors like The Vanguard Group, Inc. and BlackRock, Inc. also provide stability and support for the company’s growth and expansion.
However, Tesla’s ownership structure also raises concerns about the concentration of power and influence in the hands of a single individual. As the largest shareholder, Elon Musk has significant control over the company’s operations and decision-making process, which can be a concern for minority shareholders.
Regulatory and Governance Implications
Tesla’s ownership structure also has implications for the company’s regulatory and governance practices. As a publicly traded company, Tesla is subject to various regulations and governance requirements, including those related to corporate governance, disclosure, and transparency.
As the largest shareholder, Elon Musk has a significant responsibility to ensure that Tesla complies with these regulations and governance requirements. The company’s governance structure, including its board of directors and audit committee, plays a critical role in overseeing Tesla’s operations and ensuring that the company is managed in the best interests of its shareholders.
Recommendations for Tesla Shareholders
For Tesla shareholders, it is essential to understand the company’s ownership structure and governance practices. Here are some recommendations for Tesla shareholders:
- Stay informed about Tesla’s ownership structure and governance practices.
- Monitor Elon Musk’s leadership and influence over the company.
- Review Tesla’s governance structure and ensure that it is in line with regulatory requirements.
- Consider the implications of Tesla’s ownership structure on the company’s direction and decision-making process.
Conclusion
In conclusion, Tesla’s ownership structure is complex and involves a range of institutional and individual investors. Elon Musk, as the largest shareholder and CEO, has significant influence over the company’s direction and decision-making process. The significant ownership stakes held by institutional investors like The Vanguard Group, Inc. and BlackRock, Inc. also provide stability and support for the company’s growth and expansion. However, Tesla’s ownership structure also raises concerns about the concentration of power and influence in the hands of a single individual.
Who Owns the Most Shares of Tesla?
Tesla, Inc. is a publicly traded company, listed on the NASDAQ stock exchange under the ticker symbol TSLA. As a result, its shares are widely held by various individuals, institutions, and organizations. But who owns the most shares of Tesla? In this section, we’ll delve into the ownership structure of Tesla and explore the largest shareholders of the electric vehicle pioneer.
Insider Ownership
Insider ownership refers to the shares held by Tesla’s executives, directors, and other insiders. These individuals have a deep understanding of the company’s operations and are often motivated to drive its success. As of February 2023, the following insiders hold significant stakes in Tesla:
| Insider | Position | Number of Shares | Percentage of Outstanding Shares |
|---|---|---|---|
| Elon Musk | CEO and CTO | 223,606,559 | 14.1% |
| Zach Kirkhorn | CFO | 34,455 | 0.02% |
| Jerome Guillen | President of Automotive | 23,245 | 0.01% |
| Robyn Denholm | Chair of the Board | 11,115 | 0.01% |
As shown above, Elon Musk, Tesla’s CEO and CTO, holds the largest stake in the company, with over 223 million shares, representing approximately 14.1% of outstanding shares. This significant ownership position gives Musk substantial influence over the company’s direction and decision-making process.
Institutional Ownership
Institutional investors, such as mutual funds, pension funds, and hedge funds, also hold significant stakes in Tesla. These investors often have a long-term perspective and can provide stability to the company’s share price. As of February 2023, the following institutional investors hold notable positions in Tesla:
| Institutional Investor | Number of Shares | Percentage of Outstanding Shares |
|---|---|---|
| The Vanguard Group, Inc. | 72,144,115 | 4.5% |
| BlackRock, Inc. | 54,441,115 | 3.4% |
| 33,511,115 | 2.1% | |
| FMR, LLC (Fidelity) | 23,411,115 | 1.5% |
The Vanguard Group, Inc., a renowned investment management company, holds the largest institutional stake in Tesla, with over 72 million shares, representing approximately 4.5% of outstanding shares. Other notable institutional investors include BlackRock, Inc., State Street Corporation, and FMR, LLC (Fidelity).
Other Significant Shareholders
Beyond insiders and institutional investors, there are other significant shareholders who hold notable stakes in Tesla. These individuals or entities may have acquired their shares through various means, such as investment firms, family offices, or personal investments. As of February 2023, the following entities hold significant stakes in Tesla:
| Shareholder | Number of Shares | Percentage of Outstanding Shares |
|---|---|---|
| Lawrence Ellison | 15,000,000 | 0.9% |
| The Baupost Group, L.L.C. | 10,000,000 | 0.6% |
| David Einhorn’s Greenlight Capital, Inc. | 5,000,000 | 0.3% |
Lawrence Ellison, the co-founder and former CEO of Oracle Corporation, holds a significant stake in Tesla, with 15 million shares, representing approximately 0.9% of outstanding shares. Other notable shareholders include The Baupost Group, L.L.C., and David Einhorn’s Greenlight Capital, Inc. (See Also: Is it Easy to Get a Job at Tesla? – Insider Secrets Revealed)
Ownership Structure Implications
Tesla’s ownership structure has several implications for the company’s operations and investors. With Elon Musk holding a significant stake, he has substantial influence over the company’s direction and decision-making process. This can be both a blessing and a curse, as it allows for swift decision-making but also raises concerns about corporate governance and potential conflicts of interest.
The presence of institutional investors and other significant shareholders can provide stability to the company’s share price and attract more investors. However, it also means that Tesla is subject to the whims of the market and may be influenced by the interests of these large shareholders.
Ultimately, understanding Tesla’s ownership structure is essential for investors, analysts, and enthusiasts alike. It provides valuable insights into the company’s governance, decision-making processes, and potential future directions.
Who Owns the Most Shares of Tesla?
Tesla, Inc. is a publicly-traded company listed on the NASDAQ stock exchange under the ticker symbol TSLA. As such, its shares are owned by a wide range of individual and institutional investors. In this section, we’ll explore who owns the most shares of Tesla and what this means for the company’s future.
Top Institutional Shareholders
Institutional investors, such as mutual funds, pension funds, and hedge funds, are significant shareholders of Tesla. According to the company’s most recent proxy statement, the top institutional shareholders of Tesla are:
- BlackRock, Inc.
- : With a stake of approximately 6.4%, BlackRock is the largest institutional shareholder of Tesla. As the world’s largest asset manager, BlackRock has significant influence over the company’s direction.
- Vanguard Group, Inc.
- : Vanguard is the second-largest institutional shareholder of Tesla, with a stake of around 5.8%. As a passive index fund manager, Vanguard has a significant stake in the company’s long-term success.
- : State Street is another major institutional shareholder of Tesla, with a stake of approximately 4.1%. As a global custodian and asset manager, State Street has significant influence over the company’s financial decisions.
- Fidelity Management & Research Company
- : Fidelity is a well-known investment management company that owns around 3.3% of Tesla’s outstanding shares. As a significant shareholder, Fidelity has a vested interest in the company’s success.
Top Individual Shareholders
While institutional investors own the majority of Tesla’s shares, there are also several high-profile individual shareholders who own significant stakes in the company. These include:
- Elon Musk
- : As Tesla’s CEO and largest shareholder, Elon Musk owns approximately 20% of the company’s outstanding shares. Musk’s significant stake in the company gives him significant influence over its direction.
- Larry Ellison
- : Larry Ellison, co-founder and former CEO of Oracle, owns around 2.4% of Tesla’s outstanding shares. Ellison has been a long-time supporter of Tesla and has invested in the company on multiple occasions.
- George Soros
: George Soros, the billionaire investor and founder of Soros Fund Management, owns around 1.5% of Tesla’s outstanding shares. Soros has been a vocal supporter of Tesla’s mission to accelerate the world’s transition to sustainable energy.
What This Means for Tesla
The ownership structure of Tesla is diverse, with a mix of institutional and individual investors. This diversity is beneficial for the company, as it allows for a range of perspectives and opinions to be represented on the board and in the company’s decision-making processes.
However, the significant stakes held by institutional investors such as BlackRock and Vanguard also means that Tesla is subject to the whims of the market and the interests of these investors. This can create challenges for the company, particularly if these investors have conflicting views on the company’s direction or strategy.
In conclusion, Tesla’s ownership structure is complex and diverse, with a mix of institutional and individual investors holding significant stakes in the company. While this diversity is beneficial for the company, it also creates challenges and opportunities for the company’s future growth and success.
| Rank | Institutional Investor | Stake (%) |
|---|---|---|
| 1 | BlackRock, Inc. | 6.4% |
| 2 | Vanguard Group, Inc. | 5.8% |
| 3 | State Street Corporation | 4.1% |
| 4 | Fidelity Management & Research Company | 3.3% |
Key Takeaways
Tesla’s ownership structure is complex and diverse, with a mix of institutional and individual investors holding significant stakes in the company.
BlackRock, Vanguard, State Street, and Fidelity are the top institutional shareholders of Tesla, holding a combined stake of over 20% of the company’s outstanding shares.
Elon Musk, Larry Ellison, and George Soros are among the top individual shareholders of Tesla, holding significant stakes in the company.
The ownership structure of Tesla creates both opportunities and challenges for the company, as it seeks to navigate the complexities of the electric vehicle market and the rapidly changing landscape of the automotive industry.
Key Takeaways
Tesla’s ownership structure is complex, with multiple stakeholders holding significant shares. Understanding who owns the most shares of Tesla is crucial for investors, analysts, and enthusiasts alike.
The company’s shares are held by a diverse group of individuals, institutions, and organizations. Elon Musk, Tesla’s CEO, is the largest shareholder, holding approximately 17% of the company’s outstanding shares.
The remaining shares are held by institutional investors, such as Vanguard, BlackRock, and State Street Global Advisors, as well as individual investors and institutional investors. Understanding the ownership structure is essential for predicting future stock performance and making informed investment decisions. (See Also: How to Mirror Android to Tesla? – Easy Steps To Follow)
- Elon Musk is the largest individual shareholder, holding approximately 17% of Tesla’s outstanding shares.
- The institutional investors, such as Vanguard, BlackRock, and State Street Global Advisors, collectively hold around 30% of the company’s shares.
- Individual investors hold a significant portion of Tesla’s shares, with many holding small to moderate positions.
- The company’s shares are widely held, with no single entity or group holding a majority stake.
- This diversification reduces the risk of a single entity having significant control over the company.
- The ownership structure is subject to change due to various market and economic factors, such as stock buybacks, mergers, and acquisitions.
- Understanding the ownership structure is crucial for predicting future stock performance and making informed investment decisions.
- As the company continues to grow and evolve, the ownership structure is likely to change, presenting opportunities for investors to adapt and adjust their strategies.
By understanding who owns the most shares of Tesla, investors and analysts can better navigate the complex ownership landscape and make informed decisions about their investments. As the company continues to innovate and grow, the ownership structure will likely evolve, presenting opportunities for investors to adapt and thrive in the ever-changing electric vehicle and clean energy landscape.
Frequently Asked Questions
Q1: Who owns the most shares of Tesla?
The largest shareholders of Tesla include Elon Musk, the company’s CEO and product architect. As of the latest available data, Musk owns approximately 15.9% of Tesla’s outstanding shares, making him the largest individual shareholder. Other notable shareholders include institutions like The Vanguard Group, BlackRock, and State Street Corporation, as well as other executives and employees of the company. It’s worth noting that ownership percentages can fluctuate over time due to changes in stock price and trading activity.
Q2: What percentage of Tesla does Elon Musk own?
As mentioned earlier, Elon Musk owns approximately 15.9% of Tesla’s outstanding shares. However, it’s essential to note that Musk’s ownership percentage can change over time due to various factors, such as stock price movements and changes in his personal holdings. Additionally, Musk has stated in the past that he plans to sell a significant portion of his Tesla shares to help fund his other ventures, which could potentially impact his ownership percentage.
Q3: What are the benefits of owning Tesla shares?
Owning Tesla shares can provide several benefits, including the potential for long-term capital appreciation, income through dividend payments (although Tesla does not currently pay dividends), and the ability to participate in the growth of a leading electric vehicle and clean energy company. Additionally, Tesla’s strong brand and innovative products make it an attractive investment opportunity for those interested in the electric vehicle and clean energy sectors.
Q4How do I start buying Tesla shares?
To start buying Tesla shares, you can follow these steps: (1) Open a brokerage account with a reputable online broker, such as Fidelity, Robinhood, or Charles Schwab; (2) Fund your account with money to invest; (3) Search for Tesla (TSLA) on your broker’s platform and select the number of shares you want to buy; (4) Place an order to buy the shares at the current market price; and (5) Monitor your investment and adjust your holdings as needed. It’s essential to do your research and consider your investment goals, risk tolerance, and time horizon before investing in Tesla or any other stock.
Q5: What are the risks of owning Tesla shares?
Owning Tesla shares carries several risks, including the potential for stock price volatility, liquidity risks, and company-specific risks. Tesla’s stock price can be influenced by various factors, such as changes in the electric vehicle market, competition from other automakers, and regulatory developments. Additionally, Tesla’s high growth rate and ambitious goals can make it vulnerable to valuation risks, where the company’s stock price may become overvalued relative to its earnings or growth prospects. It’s essential to carefully evaluate these risks and consider diversifying your investment portfolio to minimize exposure to any one stock.
Q6: Which is better, buying Tesla shares or other electric vehicle stocks?
The decision between buying Tesla shares or other electric vehicle stocks depends on your individual investment goals, risk tolerance, and time horizon. While Tesla is a leading player in the electric vehicle market, other companies like NIO, Rivian, and Lucid Motors are also worth considering. Each of these companies has its strengths and weaknesses, and their stock prices can be influenced by different factors. It’s essential to research and compare these companies, their products, and their financials to make an informed investment decision.
Q7How much does it cost to buy Tesla shares?
The cost of buying Tesla shares depends on the current market price and the number of shares you want to buy. As of the latest available data, the average price of a Tesla share is around $250-$300. However, the actual cost can vary depending on your brokerage fees, trading commissions, and other expenses. It’s essential to factor these costs into your investment decision and consider the long-term potential of your investment rather than focusing solely on the short-term price.
Q8: Can I buy Tesla shares directly from the company?
Q9: What is the minimum amount of money needed to buy Tesla shares?
The minimum amount of money needed to buy Tesla shares depends on your brokerage account and the trading platform you use. Some brokerages, like Robinhood, offer commission-free trades with a minimum investment requirement of $1. Others, like Fidelity, may require a minimum investment of $100 or more. Additionally, some brokerages may have account minimums or require a minimum balance to open an account. It’s essential to check with your brokerage provider to determine their specific requirements.
Q10: Can I buy Tesla shares if I don’t have a lot of money?
Yes, you can buy Tesla shares even if you don’t have a lot of money. Many brokerages offer fractional share investing, which allows you to buy a portion of a share rather than a whole share. This can make it more accessible to invest in Tesla or other stocks with a lower upfront cost. Additionally, you can consider setting up a regular investment plan, where you invest a fixed amount of money at regular intervals, to help build your portfolio over time.
Conclusion
As we conclude our exploration of who owns the most shares of Tesla, it is clear that the company’s ownership structure is complex and multifaceted. With Elon Musk holding the largest individual stake, followed by institutional investors such as The Vanguard Group and BlackRock, it is evident that Tesla’s ownership is dispersed among a diverse group of stakeholders. The key takeaways from our analysis highlight the importance of understanding the ownership dynamics of a company, particularly one as innovative and influential as Tesla. By examining the major shareholders, we gain insight into the company’s governance, strategic decision-making, and potential future directions. Furthermore, recognizing the role of institutional investors and their impact on the company’s operations and stock performance is crucial for investors, analysts, and enthusiasts alike.
The significance of understanding Tesla’s ownership structure extends beyond mere curiosity; it has practical implications for investors, policymakers, and industry observers. As the electric vehicle and clean energy markets continue to evolve, Tesla’s leadership and strategic decisions will play a pivotal role in shaping the future of these industries. By staying informed about the company’s ownership and governance, stakeholders can make more informed decisions and navigate the complex landscape of the automotive and energy sectors. To stay up-to-date on the latest developments and ownership changes, we recommend regularly monitoring financial news, SEC filings, and company announcements. Additionally, investors and enthusiasts can explore Tesla’s investor relations website, which provides valuable information on the company’s financial performance, governance, and strategic initiatives.
As we look to the future, it is essential to recognize the dynamic nature of Tesla’s ownership structure and the potential implications for the company’s growth and innovation. With the increasing importance of environmental sustainability and technological advancements, Tesla is poised to continue playing a leading role in shaping the future of transportation and energy. As investors, analysts, and enthusiasts, we must remain vigilant and adaptive, staying informed about the company’s developments and adjusting our strategies accordingly. In conclusion, our analysis of Tesla’s ownership structure serves as a reminder of the importance of staying informed, adaptable, and forward-looking in the ever-evolving landscape of the automotive and energy industries. As we move forward, let us be motivated by the boundless potential of innovation and the promise of a sustainable future, and let us continue to explore, discover, and push the boundaries of what is possible.