Elon Musk (TSLA) reports 699.6M shares, representing 19.9% of Tesla
Rhea-AI Filing Summary
Elon R. Musk amends a Schedule 13G/A to report beneficial ownership of 699,580,882 shares of Tesla common stock, representing 19.9% of the class.
The filing states the ownership calculation is based on April 16, 2026 share data and explains that the amount includes 286,428,773 restricted shares subject to a service-based vesting condition under an Implementation Agreement. The filing also notes Mr. Musk disclaims beneficial ownership of a 423,743,904 share 2025 CEO Performance Award that is subject to a Voting Agreement and irrevocable proxy.
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Insights
Disclosure clarifies Mr. Musk's voting and dispositive position near the 20% threshold.
The amendment lists 699,580,882 shares as beneficially owned and cites an April 16, 2026 outstanding-share base used to calculate 19.9%. It specifies which restricted shares are included and which awards Mr. Musk disclaims, and references an Implementation Agreement and a Voting Agreement.
Because the filing documents proxy and disclaimer mechanics, the practical control over certain award shares is limited by the Voting Agreement language. Subsequent filings or exhibits may disclose further mechanics or amendments to these agreements.
Filing separates shares Mr. Musk controls from those he disclaims, clarifying governance exposure.
The filing identifies 423,743,904 shares from the 2025 CEO Performance Award as disclaimed and subject to a Voting Agreement that gives Tesla's secretary an irrevocable proxy to vote proportionately. It also notes a 96,000,000 interim award was forfeited following a Tornetta Decision Event.
These mechanics affect how many shares Mr. Musk can dispositively control; corporate records and subsequent proxy statements will show whether voting alignment or dilution dynamics change over time.