Founded in 2003 by entrepreneur Elon Musk, Tesla Motors (TSLA) has captured the imagination of customers and investors alike with its line of electric vehicles. Through a series of production delays, lawsuits, and tweets by co-founder and CEO Elon Musk, the company has taken investors along for a rollercoaster ride with stocks plummeting more than 22%, from $370 to $288 between September 27 and October 24.

Here are the three largest mutual funds invested in Tesla as of October 24, 2018.

T. Rowe Price Growth Stock (PRGFX)

The T. Rowe Price Growth Stock (PRGFX) fund is the largest mutual fund invested in Tesla. As of October 24, 2018, PRGFX owns 3.54 million shares which make up 2.28% of their total assets and 2.07% of Tesla shares.

Founded in 1950, PRGFX looks at the broader scope of the market and invests 80% of the mutual fund in common stocks of diversified companies. This fund looks to attain big gains by investing in growth companies as well as attain constant profits by looking for dividend payments. As of August 7, 2018, PRGFX has $51.8 billion in assets under management. It has a 5-year annualized return of 13.48% and a minimum investment of $2,500.

Vanguard Total Stock Market Index (VTSMX)

The second-largest mutual fund backing Tesla is the Vanguard Total Stock Market Index (VTSMX) fund. As of October 2018, Vanguard Total Stock Market Index holds 3.25 million shares of Tesla, which amounts to 1.91% of the company's total shares. VTSMX's ownership in Tesla accounts for 0.16% of the fund's total assets. As of October 2018, the fund has $756.6 billion in assets under management and requires a minimum of $3,000 to invest.

Established in April 1992, the fund's primary objective to track the performance of its benchmark index CRSP US Total Market Index. This objective is accomplished by investing in equity securities of large, mid and small-cap companies across both growth and value investing styles. The fund invests primarily in U.S. stocks. VTSMX has a five-year annualized return of 10.99% and an expense ratio of 0.14%. 

American Funds New Perspective Fund (ANWPX)

The American Funds New Perspective Fund (ANWPX) is the third-largest mutual fund invested in Tesla. With 2.62 million shares under its belt in October 2018, ANWPX holds 1.53% of the company's total stock. ANWPX has net assets of $80.1 billion according to Morningstar, with 0.96% of its portfolio invested in Tesla.

The fund's main investment objective is to provide long-term growth of capital, with a secondary objective of securing future income. The American Funds New Perspective Fund diversifies its investments among blue chip companies worldwide, emphasizing on multinational and global companies. The fund primarily invests in common stocks, convertibles, preferred stocks, bonds, and cash. As of October 2018, ANWPX has a five-year annualized return of 8.44% and a minimum investment of $250.