00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla filed with the Securities and Exchange Commission on Friday
00:05to register about 304 million shares tied to Elon Musk's 2018 pay award, according to Barron's.
00:12The move allows the shares to become freely tradable once options are exercised.
00:17A Delaware judge voided it in 2024 over disclosure concerns.
00:22Shareholders re-approved it, but the ruling stood until the Delaware Supreme Court upheld Tesla in 2025.
00:28Tesla had to reach a $650 billion valuation to unlock the award,
00:33rising from about $70 billion at the time to roughly $1.7 trillion today based on its fully diluted share
00:40count.
00:41Tesla shareholders approved restricted stock for Musk in 2025 that could be worth about $1 trillion if targets are met,
00:47while his current stakes across his companies are valued at about $800 billion.
00:52For all things money, visit Benzinga.com.
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