Elon Musk increased his Tesla voting power to approximately 19.9%. The move follows the exercise of his 2018 stock options. SEC filings dated June 17, 2026, confirm the transaction.
Musk converted options for roughly 304 million shares. The transaction utilized a net settlement structure to cover exercise costs. This structure ensured that no open-market sales occurred.
These newly acquired shares grant immediate voting rights but remain restricted from sale until January 2028. Musk intends to use this increased influence to guide Tesla’s development in artificial intelligence and robotics. The conversion follows the reinstatement of his compensation package after a multi-year legal battle.