This text initially appeared on Enterprise Insider.
Elon Musk owns a 20.5% stake in Tesla that’s price simply over $120 billion, in response to a submitting made with the SEC on Wednesday.
The 20.5% stake is a large enhance from Musk’s 13% stake in Tesla that was reported in Could 2023, however barely under the 22% stake Musk held earlier than he began to promote inventory to fund his $44 billion buy of Twitter.
In response to the submitting, Musk’s stake is comprised of 411.06 million shares of Tesla frequent inventory, in addition to choices to buy 303.96 million shares which can be exercisable inside 60 days of December 31.
The SEC submitting exhibits that Musk will not be far off from reaching the 25% stake he needs, as he needs to have extra affect over the corporate to maintain him incentivized to work on numerous tasks beneath the Tesla model, equivalent to robotics and synthetic intelligence.
“I’m uncomfortable rising Tesla to be a frontrunner in AI & robotics with out having ~25% voting management. Sufficient to be influential, however not a lot that I am unable to be overturned,” Musk tweeted final month. “Except that’s the case, I would like to construct merchandise exterior of Tesla.”
Musk’s large possession stake in Tesla has partly been pushed by his 2018 compensation bundle, which has since confronted challenges in court docket. The $55 billion pay bundle awarded Musk tranches of Tesla inventory if he hit sure milestones in rising Tesla’s market capitalization.
Musk’s large stake in Tesla, mixed together with his possession stakes in SpaceX and X, make him the richest individual on the earth, with a internet price of simply over $200 billion, in response to knowledge from Bloomberg.
Tesla inventory rose 2.3% in Thursday morning trades.
