Elon Musk’s Tesla Ownership Has Soared to 20.5% and Is Now Worth More Than $120 Billion, New Filing Shows
The SEC filing shows that Musk is not far from reaching the 25% stake he desires.
Key Takeaways
- Elon Musk’s ownership stake in Tesla has soared to 20.5% and is worth more than $120 billion.
- A new SEC filing disclosed the stake, which is higher than the 13% stake reported in May 2023.
- Musk recently said he is seeking a 25% stake in Tesla so he can have more influence over the company.
This article originally appeared on .
Elon Musk owns a 20.5% stake in that is worth just over $120 billion, according to
The 20.5% stake is a sizable increase from Musk’s 13% stake in Tesla that was reported in May 2023, but slightly below the 22% stake Musk held before
According to the filing, Musk’s stake is comprised of 411.06 million shares of Tesla common stock, as well as options to purchase 303.96 million shares that are exercisable within 60 days of December 31.
The SEC filing shows that Musk is not far off from reaching as he wishes to have more influence over the company to keep him incentivized to work on various projects underneath the Tesla brand, such as robotics and artificial intelligence.
“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,” “Unless that is the case, I would prefer to build products outside of Tesla.”
Musk’s massive ownership stake in Tesla has in part been driven by his 2018 compensation package, The $55 billion pay package awarded Musk tranches of Tesla stock if he hit certain milestones in growing Tesla’s market capitalization.
Musk’s massive stake in Tesla, combined with his ownership stakes in SpaceX and X, make him the richest person in the world, with a net worth of just over $200 billion, according to data from Bloomberg.
Tesla stock rose 2.3% in Thursday morning trades.
Key Takeaways
- Elon Musk’s ownership stake in Tesla has soared to 20.5% and is worth more than $120 billion.
- A new SEC filing disclosed the stake, which is higher than the 13% stake reported in May 2023.
- Musk recently said he is seeking a 25% stake in Tesla so he can have more influence over the company.
This article originally appeared on .
Elon Musk owns a 20.5% stake in that is worth just over $120 billion, according to
The 20.5% stake is a sizable increase from Musk’s 13% stake in Tesla that was reported in May 2023, but slightly below the 22% stake Musk held before
