Per Woofun AI, a recent filing with the U.S. Securities and Exchange Commission confirms that Elon Musk has fully exercised his rights under the 2018 Tesla CEO compensation plan. This action resulted in the acquisition of 304 million shares, carrying a paper gain of approximately $116 billion.

Despite the substantial valuation, these equity holdings are subject to a strict lockup period extending until 2028. Consequently, Musk is prohibited from selling any portion of these shares during this interval, effectively neutralizing immediate supply-side pressure on the market.