Musk’s Tesla stake rises to about 19.9% as analysts eye a Tesla–SpaceX merger vote within 3 months
Elon Musk exercised roughly 304 million Tesla options in mid-June 2026 through net share settlement, a structure that avoided cash outlays and open-market selling. His Tesla ownership rose to about 19.9%, strengthening his voting power. Analysts framed the move as strategic positioning to bolster control ahead of a potential Tesla–SpaceX merger. The report said a merger announcement could come within the next three months and projected Tesla shares could trade in the $600–$800 range around the announcement window.