Tesla Registers 304M Shares for Musk, Unlocking $108B Potential Windfall

Tesla has registered 303,960,630 shares awarded to CEO Elon Musk under his reinstated 2018 compensation plan, making them tradable upon exercise. Musk can exercise the options at a $23.34 strike price—costing about $7.09 billion—by August 15, 2026, with restricted shares vesting in early 2028; at recent prices around $379.67, this could yield roughly $108.3 billion in proceeds, lifting his direct stake from 11% to over 19%. The filing follows Delaware court rulings upholding the package amid a new ambitious 10-year award. Market reaction remains mixed, balancing dilution risks from potential sales against signals of Musk's strengthened control.