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FloatCap

Supply breakdown

Shares as of Oct 15, 2026
Share supply splitFree float: 2.83B shares, 71.5%Insider-held, unrestricted: 416.46M shares, 10.5%Locked team: 710.17M shares, 18.0%
Circulating82.0%3.24B shares
CategoryShares%ValueStatus
Circulating3.24B82.0%$1.36TDerived
Free float2.83B71.5%$1.19TDerived
Insider-held, unrestricted416.46M10.5%$175.16BDerived
Locked team funds710.17M18.0%$298.70BVerified
Other restricted00.0%$0Verified
Total outstanding3.95B100.0%$1.66TVerified
Ownership views (overlap the categories above, never added)
Institutional holdings (13F)1.68B42.6%$708.04BEstimated
Insider-held, all (Forms 3, 4, 5)---Unavailable

Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: circulating + locked team + other restricted = total outstanding reconciles.

Insider shares without a lock

Officers, directors and 10% owners hold 416.46M shares (10.5% of the total) that carry no lock-up or vesting condition in the filings reviewed. They count as circulating because the holders may legally sell them, but large insider stakes rarely trade: holders usually borrow against the shares instead of selling. The free float figure leaves them out.

Valuation

  • Traditional$1.66T
  • Fully diluted$1.67T
  • Circulating$1.36T
  • Free float$1.19T
  • Locked team value$298.70B
  • Other restricted value$0

Locked and restricted shares

2 items

2025 CEO Performance Award (unearned restricted stock)

Elon Musk, CEO

423,743,904 shares

10.7% of total · $178.23B

Performance-based restricted stock issued to the CEO in 12 equal tranches of 35,311,992 shares. A tranche is earned only when the board certifies a market-cap milestone ($2.0T up to $8.5T) and operational milestones. Earned shares vest after a 7.5-year or 10-year service period. Shares still unearned are forfeited on Sept 3, 2035. No tranche had been earned as of Sept 30, 2026.

"the Board of Directors granted the 2025 CEO Performance Award to our CEO, consisting of approximately 423.7 million shares of performance-based restricted stock"

Verified10-Q, Note 9, Equity Incentive Plans

2018 CEO Performance Award (restricted shares from option exercise)

Elon Musk, CEO

286,428,773 shares

7.2% of total · $120.47B

Issued on June 16, 2026, when the CEO exercised 303,960,630 options and 17,531,857 shares were withheld to pay the exercise price. Under the April 21, 2026 Implementation Agreement the shares vest only if he stays in service through Jan 19, 2028, and a five-year holding period starts on the vesting date.

"requiring him to remain in continuous service as CEO or as an executive officer responsible for product development or operations (as approved by the Board’s disinterested directors) through January 19, 2028"

Verified10-Q, Note 9, Equity Incentive Plans

Unlock schedule

  1. Jan 19, 2028 · in 15 months

    Service vesting date; the five-year holding period starts

    286,428,773 shares · 2018 CEO Performance Award (restricted shares from option exercise)

  2. Jan 19, 2033 · in 6.2 years

    Holding period ends; first date these shares could be sold

    286,428,773 shares · 2018 CEO Performance Award (restricted shares from option exercise)

  3. Mar 3, 2033 · in 6.3 years

    Earliest possible vesting: tranches earned before Sept 3, 2030 vest on the 7.5-year anniversary of the grant

    Up to 423,743,904 shares · 2025 CEO Performance Award (unearned restricted stock)

  4. Sep 3, 2035 · in 8.8 years

    Tranches earned later vest on the 10-year anniversary; unearned shares are forfeited

    Up to 423,743,904 shares · 2025 CEO Performance Award (unearned restricted stock)

Institutional holders

HolderShares% of total
BlackRock, Inc.214.12M5.42%
VANGUARD CAPITAL MANAGEMENT LLC184.02M4.66%
STATE STREET CORP117.46M2.97%
GEODE CAPITAL MANAGEMENT, LLC68.91M1.74%
Invesco Ltd.55.46M1.40%
VANGUARD PORTFOLIO MANAGEMENT LLC49.55M1.25%
Capital World Investors45.74M1.16%
JPMORGAN CHASE & CO41.97M1.06%
FMR LLC39.77M1.01%
MORGAN STANLEY38.87M0.98%

Insiders

Forms 3, 4 and 5

Form 4 aggregation pending

Share classes

ClassListingShares outstandingAs of
Common stockTSLA on Nasdaq3,952,757,946Oct 15, 2026

Notes and sources

Tesla has one share class. About 18% of its outstanding shares are restricted stock issued to CEO Elon Musk under two performance awards; none of it can be sold before 2033.

  • The 96,000,000-share 2025 CEO Interim Award was forfeited on April 21, 2026 and is no longer outstanding (Form 4 filed April 23, 2026; 10-Q Note 9).
  • The Elon Musk Revocable Trust holds 413,152,109 shares with no transfer restriction in the filings reviewed. They count as circulating and appear under insider holdings.
  • Tesla's basic weighted-average share count for Q3 2026 (3,240 million) excludes the unvested restricted stock, consistent with about 3.24 billion circulating shares.
  • Elon Musk's beneficial ownership in the 2026 proxy is 699,580,882 shares (the trust plus the 2018 award restricted shares). It excludes the 423,743,904 unearned 2025 award shares, which vote proportionately with other holders under an irrevocable proxy.