Elon Musk’s Ownership of Tesla Hits Over $120 Billion

Renowned entrepreneur and business magnate, Elon Musk, has acquired an impressive 20.5% stake in Tesla, with a valuation exceeding $120 billion. This represents a significant increase from the 13% stake reported in May 2023, as disclosed in a recent SEC filing. Musk’s ownership comprises an astounding 411.06 million shares of Tesla common stock, along with options to purchase an additional 303.96 million shares within a 60-day period from December 31, culminating in the substantial 20.5% stake he currently holds in the company.

It is noteworthy that in December, Musk expressed his intention to acquire a 25% stake in Tesla to exert greater influence on the company, particularly in light of his involvement in projects pertaining to the Tesla brand, including those centred on artificial intelligence and robotics. He believes that such a level of ownership will serve as a strong motivational force to drive these ambitious initiatives forward.

Additionally, Musk articulated his sentiments on this matter via Twitter last month, stating, “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 control over Tesla has also been reinforced by his 2018 compensation package, despite encountering legal challenges. This compensation package entailed Musk receiving tranches of Tesla stock upon meeting specific milestones related to expanding the company’s market capitalization. With his substantial stake in Tesla, alongside his ownership in SpaceX and X, Musk currently holds the title of the world’s richest individual, with a net worth exceeding $200 billion, according to data from Bloomberg.

Moreover, Tesla stock witnessed a 2.3% increase in Thursday morning trades, further enhancing the value of Musk’s already impressive ownership stake in the company.

In conclusion, Elon Musk’s recent increase in ownership of Tesla underscores his unwavering dedication to the company and his ambitious vision for its future. As he continues to pursue greater influence and control, it will be intriguing to observe the impact of this landmark ownership position on the future of Tesla.