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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Apple CEO Tim Cook has told The Wall Street Journal that price increases are unavoidable as the company can no longer absorb massive hikes in memory and storage costs driven by AI demand. The shift is expected to affect the iPhone 18 lineup and other devices later this year, marking the latest sign of industry-wide RAM shortages.
SpaceX has appointed longtime Elon Musk ally Roelof Botha as an independent director and audit committee member days after its record IPO. The move adds a key Sequoia Capital figure to a board where Musk holds overwhelming voting control.
The Dutch RDW granted provisional approval for Tesla's FSD (Supervised) on April 10 after 18 months of testing, notifying the European Commission for potential EU-wide use. The move could expand supervised autonomous driving technology across Europe if regulators approve the exemption under Article 39.
