Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Elon Musk Exercises 304M Tesla Options, Gains $116B in Paper Wealth and 19.9% Voting Power

GateNews
Stocks
According to SEC filings, on June 16, Elon Musk exercised all 304 million Tesla stock options granted under his 2018 compensation package. The options had a strike price of $23.34 per share; with Tesla closing at $404.66 that day, the shares were worth approximately $122.8 billion. After deducting exercise costs of about $7.09 billion through net share settlement, Musk's paper gains totaled roughly $116 billion (approximately 784 billion yuan). The transaction increased his voting power in Tesla to 19.9%, advancing his goal of securing over 25% control to guide the company's development in artificial intelligence, autonomous driving, and robotics. The 286 million net shares acquired carry full voting rights but are restricted from sale or transfer until January 19, 2028.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

20h ago
Elon Musk Exercises $116 Billion in Tesla Stock Options on June 20
06-20 05:28
Elon Musk Surpasses Warren Buffett's Lifetime Wealth in 24 Hours as SpaceX Hits $3 Trillion Valuation
06-20 02:46
SpaceX Surges 37% Post-IPO, Hits 39.2x 2027 Revenue Multiple, Surpassing All S&P 500 Stocks
06-19 14:45
ARK Invest Adds 54,815 Tesla Shares Worth $21.95 Million Yesterday
06-19 10:52
Musk's SpaceX Stake Worth Over $1 Trillion Following Record IPO on June 12
In-Depth Analysis

SpaceX IPO Creates Multiple Billionaire Shareholders Beyond Musk

Lucas Bennett06-19 10:53

Tesla Stock Rises as Wolfe Forecasts 420K Q2 Deliveries, SpaceX Merger Buzz

Lucas Bennett06-18 02:45

Elon Musk’s SpaceX IPO share restructuring: multiple series of preferred stock convert to Class A, with only 11,390 shares sold

Market Whisper06-18 01:44
Comment
0/400
GateUser-735fe978vip
· 1h ago
The newly acquired 286 million net shares carry full voting rights, but may not be sold or transferred before January 19, 2028.
View OriginalReply0