Tesla CEO Elon Musk fully exercised his 2018 compensation plan on June 16, 2026.
Musk acquired approximately 304 million shares with a paper gain of $116 billion.
The company withheld 17.5 million shares to cover costs through a cashless exercise.
This transaction involved no open market stock sales.
Musk now holds nearly 20% of Tesla’s total ownership and voting power.
The newly acquired shares remain restricted and vest in January 2028.
A mandatory lock-up period prevents the sale of these shares until the vesting date.