Elon Musk converts 300 million Tesla options into voting shares

格隆汇2026/06/17 23:18

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Glonhui June 18th｜Elon Musk converted part of his stock options into shares that carry immediate voting rights but cannot be sold until 2028, thereby increasing his voting power in Tesla to 20%. Securities filings show that shortly after SpaceX completed its initial public offering (IPO) last week, Musk fulfilled an agreement reached with Tesla in April this year by converting around 300 million unexercised options from his 2018 compensation package. This unusual transaction means Musk did not thereby acquire additional ordinary Tesla shares. Instead, he obtained restricted stock that will vest on January 19, 2028, which is also the original expiration date of these options. However, a filing published on Wednesday indicates that these instruments “carry voting rights exercisable by Musk.” He surrendered 17.5 million shares to cover the approximately $7.1 billion in option exercise costs. After the transaction, Musk holds about 700 million Tesla shares, including those held through trusts. In a securities disclosure, he stated that this represents approximately 19.9% of currently outstanding shares.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Monnalisa’s delisting from trading on Euronext Growth Milan took effect today. The company is preparing a shareholder buyback process led by Modamet and Jafin Due for investors seeking to sell. Further details are due in coming days on the purchase window and a single settlement date for the transactions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Monnalisa S.p.A. published the original content used to generate this news brief on October 06, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/06 16:04

ICE brings futures trading to London’s $190 billion-a-day physical gold market

Kitco•2026/10/06 15:18

BUZZ - Sphere Entertainment shares drop as BTIG lowers price target, citing slowing bookings

On October 6th, Sphere Entertainment (SPHR.N) shares fell over 6% to $104.04. BTIG lowered its price target from $190 to $160, which still represents a 44% upside from the latest closing price. The broker reduced its third-quarter revenue forecast for the Sphere Experience business from $123 millions to $110 millions, and its fourth-quarter forecast from $164 millions to $148 millions, both below Wall Street estimates of $123 millions and $164 millions. Based on its analysis of ticket sales, a slowdown in “The Wizard of Oz” bookings at the end of Q3, and booking trends in early October, it expects reduced ticket sales and lower revenue per performance. Among 13 brokers, 11 rate the stock as “buy” or higher, and 2 rate it as “hold,” with a median target price of $178.50, according to data compiled by LSEG. Including daily price fluctuations, the stock is up 10.50% year-to-date.

路透社•2026/10/06 15:18