Tsla options chain8/13/2023 ![]() ![]() (Outstanding stock options and other forms of equity awards were not included in calculating this percentage.) The median value of Founder CEO stock ownership among the comparator companies as of June 15, 2018, was approximately $5.2 billion. The median of the percentages of outstanding shares owned by Founder CEOs of the 10 comparator companies was approximately 5.2 percent, based on their most recent proxy statements. Musk’s shares had a value on June 15, 2018, of approximately $12 billion. Based on Tesla’s market cap of approximately $61 billion, as just noted, Mr. Musk owns approximately 20 percent of the outstanding shares of Tesla (outstanding stock options were not included in calculating this percentage). Tesla’s market cap as of June 15, 2018, was approximately $61 billion. The median market cap for the 10 companies as of June 15, 2018, was approximately $166 billion. The 10 high-tech companies examined are Amazon, Alphabet (Google’s parent), Facebook, Oracle, Nvidia, Netflix, Salesforce, Akamai Technologies, Garmin and Monolithic Power Systems. Musk’s Stock Ownership and Pay Compared to Other Founder CEOs Musk and Tesla as nominal defendant. Tornetta v. Finally, it discusses briefly the stockholder class action derivative complaint regarding the Musk Option filed under seal on June 5 (a redacted version was made public on June 7) in the Delaware Chancery Court against Tesla directors including Mr. ![]() The column also comments on legal aspects of the award under Delaware law. “Founder CEOs” are CEOs (or, in two cases, Executive Chairmen who had previously served as CEO) who founded or co-founded the enterprise. Musk’s ownership and certain of his arrangements at Tesla with those of “Founder CEOs” at 10 other high-tech companies. Musk is one of the founders of Tesla, as described in Tesla’s proxy statements. (Tesla) to its Chairman and CEO, Elon Musk, representing 12 percent of Tesla shares outstanding on the option grant date (the “Musk Option”). Tesla's announced mission is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power.On May 1 this column reported on the $2.6 billion stock option granted earlier this year by Tesla, Inc. In February 2004, via a $6.5 million investment, Elon Musk became the company's largest shareholder. The company's name is a tribute to inventor and electrical engineer Nikola Tesla. Tesla was incorporated in July 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors. Tesla Energy is one of the largest global suppliers of battery energy storage systems with 6.5 gigawatt-hours installed in 2022. Its subsidiary Tesla Energy develops and is a major installer of photovoltaic systems in the United States. ![]() In 2022, the company led the battery electric vehicle market, with 18% share. Tesla is one of the world's most valuable companies and, as of 2023, was the world's most valuable automaker. Tesla designs and manufactures electric vehicles, stationary battery energy storage devices from home to grid-scale, solar panels and solar roof tiles, and related products and services. is an American multinational automotive and clean energy company headquartered in Austin, Texas. ![]()
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