Elon Musk has exercised the full 2018 Tesla CEO compensation award, securing 303,960,630 shares for an approximate $116 billion paper gain according to an SEC filing. No shares were sold during the transaction and the acquired stock remains restricted until 2028.
All shares acquired through the award stay restricted until 2028.
At prevailing valuations the award creates major unrealized value while avoiding an immediate tax obligation that would arise from a sale.
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Tesla reportedly conducted intensive supplier audits across China's Yangtze River Delta last week as it prepares Optimus production. The visits to potential suppliers Tuopu Group, Sanhua Holding Group, and Joyson Electronics in Ningbo, Hangzhou, and Shanghai leverage existing automotive partners rather than confirming a mass-production acceleration.
Tesla will unveil its second-generation Roadster on October 1 according to a teaser posted on X that shows the date and hints at cold gas thrusters. The vehicle was first announced in 2017 and has faced repeated delays with production still at least 12 months away after the reveal.
Tesla has started sending invitations for its Semi Rollout event on September 24 at the new factory in Sparks, Nevada. The gathering will showcase the 1.7 million-square-foot facility built to produce up to 50,000 trucks per year along with refreshed vehicle features and fleet economics.
The Boring Co. raised $3 billion in a funding round led by the United Arab Emirates, achieving a $23 billion valuation to support its tunnel projects. The financing highlights the company's shift toward Middle East growth while its sole operational loop remains in Las Vegas amid stalled U.S. plans and local opposition.
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