Tesla Shareholder Vote on Elon Musk's 2018 Options and Potential Merger Could Occur Within Three Months
Elon exercised his remaining ~304 million Tesla options from the 2018 performance package. This was done via net share settlement — Tesla withheld ~17.5 million shares to cover the ~$7.1 billion exercise cost. No cash changed hands and no shares were sold on the open market. Elon’s Tesla ownership rose to roughly 19.9% (~20%), giving ... Read more
Elon Musk has exercised approximately 304 million Tesla stock options granted in 2018, utilizing a net share settlement method. This transaction involved Tesla withholding around 17.5 million shares to cover the exercise cost of $7.1 billion, without any cash changing hands or open market sales. Consequently, Musk's ownership stake in Tesla has increased to approximately 19.9%. This development precedes a potential shareholder vote on a Tesla-SpaceX merger, which could take place within the next three months. The increased stake solidifies Musk's position within the company. Investors are closely monitoring these events for potential impacts on Tesla's future direction and corporate structure. The timing of the shareholder vote remains a key point of interest.
This news is significant as it details Elon Musk's increased stake in Tesla and signals potential major corporate actions like a SpaceX merger vote.
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