Tesla SpaceX Merger Announcement and Vote Could Happen Over Next 3 Months
by Brian Wang from NextBigFuture.com on (#76EFT)
Elon exercised his remaining ~304 million Tesla options from the 2018 performance package. This was done via net share settlement - Tesla withheld ~17.5 million shares to cover the ~$7.1 billion exercise cost. No cash changed hands and no shares were sold on the open market. Elon's Tesla ownership rose to roughly 19.9% (~20%), giving ...