Elon Musk Exercises Tesla Stock Options on June 16, Netting $116 Billion; Holdings Hit 19.9%

According to SEC filings, on June 16, Elon Musk exercised 304 million Tesla stock options at a split-adjusted strike price of $23.34 per share. With Tesla closing at $404.66 that day, the per-share gain was $381.32, resulting in $116 billion in total paper profit. After net settlement—where Tesla withheld 17.53 million shares valued at $7.1 billion to cover exercise costs—Musk received 286 million shares net.

Following the exercise, Musk's total Tesla holdings reached approximately 700 million shares, representing a 19.9% stake in the company. The shares are subject to restrictions and cannot be sold until 2028. This exercise concluded a six-year compensation dispute that was formally resolved in December 2025 when Delaware's Supreme Court overturned lower court rulings that had invalidated the original 2018 compensation package.