Tesla CEO Elon Musk has exercised stock options from his 2018 CEO Compensation Award, bringing his voting power in the electric vehicle maker to approximately 19.9%. A Form 4 filing with the SEC on June 16 shows Musk acquired over 303.96 million shares at $23.34 per share, with Tesla withholding roughly 17.53 million shares valued at $404.66 each to cover the transaction, resulting in a net gain of more than 286.4 million shares. The filing indicates Musk now holds over 727.7 million shares, including those from a separate 2025 CEO award, though a 13G filing lists 699.58 million shares representing the 19.9% voting stake. The options exercise did not involve any open-market sales, and the newly acquired shares will vest in 2028.
Tesla IncMusk exercises options, increasing voting power to ~20%, signaling confidence and alignment with shareholders
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