--- title: "Elon Musk Nears 20% Voting Power In Tesla After Exercising Stock Options" type: "News" locale: "en" url: "https://longbridge.com/en/news/290147091.md" description: "Elon Musk's voting power in Tesla has reached approximately 19.9% after exercising stock options from his 2018 CEO compensation award, gaining over 303 million shares. This transaction, detailed in an SEC Form 4 filing, involved no open-market sales and resulted in a net gain of over 286 million shares vesting in 2028. Consequently, Musk now holds nearly 728 million shares. Additionally, Musk's net worth surpassed $1 trillion following SpaceX's IPO, and Texas DOT endorsed Tesla's Cybercab design." datetime: "2026-06-18T04:57:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290147091.md) - [en](https://longbridge.com/en/news/290147091.md) - [zh-HK](https://longbridge.com/zh-HK/news/290147091.md) --- # Elon Musk Nears 20% Voting Power In Tesla After Exercising Stock Options **Tesla Inc.** (NASDAQ:TSLA) CEO **Elon Musk** gained more than 300 million shares of the EV giant’s stock as part of his 2018 CEO Compensation Award, which takes his voting rights in Tesla to approximately 19.9%. ## Elon Musk Gains Tesla Shares In a Form 4 filing with the SEC on June 16, Musk exercised his stock options as part of the 2018 CEO award, gaining over 303,960,630 shares of the EV giant at $23.34/share. **Read Also: Elon Musk Says Dollars Will Be Replaced By 'Mass & Energy,' Reaffirms Lunar Factories, Mass Drivers For AI Goals** The original agreement granted Musk 20,264,042 shares at $350.02/share, but Tesla's stock split 5-for-1 in 2020 and then 3-for-1 in 2022, which adjusted Musk’s grant down to 303,960,630 shares at $23.34/share, the filing states. However, Tesla withheld over 17.53 million shares as settlement for the transaction, with each share worth $404.66, according to the filing, worth close to $7.1 billion. “The transaction did not involve any open-market sales of securities,” the SEC filing clarifies. The filing also states that the shares will vest in 2028 and Musk’s net gain of new shares stands at over 286,428,773 shares of Tesla. The Form 4 filing states that Musk now owns over 727,704,534 shares, including 423,743,904 shares gained by Musk through the 2025 CEO award approved in November last year. However, Musk’s 13G filing shows that the CEO owns 699,580,882 shares, which accounts for 19.9% voting power in the EV giant. ## Elon Musk Now Worth More Than $1 Trillion Musk’s net worth has surpassed the $1 trillion mark, reaching $1.3 trillion following **Space Exploration Technologies Corp.**‘s (NASDAQ:SPCX) blockbuster IPO last week. Musk is now worth more than the combined net worths of **Amazon.com Inc.** (NASDAQ:AMZN) founder **Jeff Bezos** ($255.5 billion), as well as **Oracle Corporation** (NYSE:ORCL) CEO **Larry Ellison** ($241.4 billion) and more. Notably, SpaceX is also worth more than 12 aerospace and defense companies listed on the **S&P 500 index**, including **Boeing Co.** (NYSE:BA), **RTX Corp** (NYSE:RTX), and more. ## Texas DOT Backs Cybercab The Texas Department of Transportation (DOT) Executive Director, **Marc Williams**, hailed Tesla’s Cybercab, with its lack of driver controls and novel design, as a "significant shift in mobility and vehicle design." According to Benzinga Edge Rankings, Tesla provides excellent Growth and Quality, while also offering a favorable price trend in the Short, Medium and Long term. **Price Action:** Tesla shares were up 0.33% to $397.66 during the after-hours trading on Wednesday. **Read Also: Elon Musk's SpaceX Dominates Retail Trading, But Analyst Sees Echoes Of The Meme Stock Era** _Check out more of Benzinga’s Future Of Mobility coverage by_ following this link. _Photo courtesy: Mijansk786 on Shutterstock.com_ ### Related Stocks - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [BA.US](https://longbridge.com/en/quote/BA.US.md) - [RTX.US](https://longbridge.com/en/quote/RTX.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) - [BOE.UK](https://longbridge.com/en/quote/BOE.UK.md) ## Related News & Research - [Ex-Tesla exec builds the home heat pump Tesla gave up for robots](https://longbridge.com/en/news/289926849.md) - [Xiaomi delivers on Tesla’s decade-old robot charger vision with new home robotic arm](https://longbridge.com/en/news/289602609.md) - [SpaceX Rally Lifts Valor's Stake to Nearly $97 Billion After 43% Gain](https://longbridge.com/en/news/289957177.md) - [Elon Musk Says Dollars Will Be Replaced By 'Mass & Energy,' Reaffirms Lunar Factories, Mass Drivers For AI Goals](https://longbridge.com/en/news/290025053.md) - [BUZZ-SpaceX surges after blockbuster IPO debut](https://longbridge.com/en/news/289819282.md)