Tesla CEO Elon Musk exercised his full rights under the 2018 compensation plan. He completed the transaction on June 20, 2026. Musk acquired 304 million shares of Tesla stock. These shares carry an estimated market value of $116 billion. This transaction represents one of the largest executive compensation payouts in corporate history.
The move increases Musk's total ownership stake in the company. A mandatory lock-up period prevents Musk from selling these shares until 2028. This restriction reflects a long-term commitment to the automaker.
The acquisition concludes a performance-based stock option plan approved by shareholders. The plan required Tesla to achieve specific market capitalization and operational milestones.