Musk Exercises 304M Tesla Options, Boosting Stake to 1.12B Shares
TSLA sits 38% above its 52-week low of $288.77.
Summary
Elon Musk has exercised 304 million Tesla options from his 2018 performance award at a strike price of $23.34, leading to a net issuance of approximately 286 million shares after tax withholding. This significantly increases his total ownership in Tesla to roughly 1.123 billion shares. This action follows the April 23rd 10-Q filing which outlined the implementation terms of this substantial performance award. The exercise of such a large block of options represents a powerful vote of confidence from the CEO, materially increasing his personal investment in the company. Separately, Goldman Sachs raised its Q2 2026 delivery forecast for Tesla to 420,000 units, citing stronger sales trends, and Tesla reiterated its long-term conviction in a highly profitable robo-taxi market.
At the time of this announcement, TSLA was trading at $397.67 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5T. The 52-week trading range was $288.77 to $498.83. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.