Elon Musk Exercises Options to Purchase 10,500 Tesla (TSLA) Shares

Elon Musk Exercises Options to Purchase 10,500 Tesla (TSLA) Shares

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Elon Musk exercised options to purchase 10,500 shares of Tesla. Now, he owns 411,062,076 TSLA shares worth more than $71 billion, at Friday's closing price.

Tesla CEO Elon Musk disclosed yesterday in Form 4 filed with the Securities and Exchange Commission (SEC) that he acquired 10,500 shares of the company after exercising the stock options on March 8. According to the filing, Musk purchased 5,250 Tesla shares at a conversion price of $2.79. He bought the other 5,250 shares of TSLA at a conversion price of $6.67. Both purchases took place on March 8.

After adding 10,500 Tesla shares, the total number of shares owned by Musk is 411,062,076. They are valued at Friday's closing price at almost $71.3 billion.

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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.

About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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