Musk Secures $11.6 Billion Mega Grant

BlockBeats News, June 20th, according to a new filing from the U.S. Securities and Exchange Commission (SEC), Musk has exercised all of his rights under Tesla's 2018 CEO compensation plan, receiving 3.04 billion shares of stock, with a paper gain of about $116 billion (approximately 780 billion RMB).

However, the above-mentioned shares will be locked up until 2028. At that time, Musk will be able to sell these shares.