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How much of Tesla does Elon Musk own?

Elon Musk’s Tesla stake in 2026: how many shares he holds, what they’re worth at today’s price, the pay plan that could raise his stake, and why it matters for the stock.

LemonTrades·Guides
Elon Musk in front of a rising Tesla stock chart, with a ring showing a 20% stake.

Photo: U.S. Air Force Academy (public domain)

TL;DR

  • About 20%. In a June 2026 SEC filing, Musk reported 699.6 million Tesla shares, 19.9% of the company.
  • At today’s price that stake is worth about $– billion.
  • His 2025 pay plan could add up to 423.7 million more shares, but only if Tesla reaches value and operating targets that go up to $8.5 trillion.
  • Musk headlines move TSLA fast, and LemonTrades scores each one for Tesla the minute it breaks.

Elon Musk is Tesla’s largest shareholder by far, with about one share in five. How big that stake is, and whether it grows, affects everything from his pay to who controls the company’s votes.

What Musk’s Tesla shares are worth now

HoldingSharesValue now
Shares he owns or controlsas reported to the SEC in June 2026699.6 million$–B
Shares in the 2025 pay planearned only if the targets are hit423.7 million$–B
Both together1.12 billion$–B

At Tesla’s live price of $– (– today), updated every minute.

What the latest filing says

Musk’s Schedule 13G/A, filed with the SEC on June 17, 2026, reports:

  • 699,580,882 shares, or 19.9% of Tesla, that he owns or controls.
  • 413.2 million of them are held through his revocable trust.
  • The total includes 286.4 million restricted shares he received in 2026 by exercising his 2018 stock option award. They carry votes but are subject to a service condition, so he has to stay on to keep them.
  • A 96 million-share interim award from 2025 was forfeited in April 2026.
  • It leaves out the 423.7 million shares of the 2025 pay plan: until they’re earned, Tesla’s company secretary votes them.

The 2025 pay plan: up to 12% more

Shareholders approved the plan on November 6, 2025, with about 75% of the votes cast. It splits 423.7 million shares into 12 slices. Each slice needs two things: Tesla’s market value passing a milestone, from $2 trillion up to $8.5 trillion and held for months, and one operating goal, such as 20 million cars delivered, 10 million paid FSD subscriptions, 1 million Optimus robots, 1 million robotaxis in service, or a profit target. If he earned it all, his stake would rise to roughly 28% of Tesla. Tesla is worth about $1.5 trillion today, so even the first slice needs a big rise. More on what those targets imply in Tesla stock price prediction 2030.

How his stake has changed

  • 2021 and 2022: Musk sold tens of billions of dollars of Tesla shares, to pay taxes on exercising options and to buy Twitter. His stake fell to about 13%.
  • 2024: he said he wanted about 25% of the voting power before building more AI and robots at Tesla.
  • 2025 and 2026: the new pay plan, and exercising his 2018 options, took him back to about 20%.

Who else owns Tesla

After Musk, the biggest holders are the giant index fund managers, Vanguard, BlackRock and State Street, because Tesla is in the S&P 500 and the Nasdaq 100. Ordinary investors also own an unusually large share of Tesla directly, which is one reason the stock reacts so strongly to news and to Musk himself.

Why it matters for the stock

  • Share sales: when Musk sells, the stock usually falls; his filings are watched closely.
  • Control: a bigger stake means more say over votes, including on any merger with SpaceX, which both boards are now studying. See the SpaceX IPO and Tesla stock.
  • Attention: investors watch how much time Musk gives Tesla next to SpaceX, xAI and politics.

Sources

Education, not financial advice. Share counts change with new filings. See our disclaimer.

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