"Elon Musk Pushes for 25% Voting Control at Tesla to Advance AI Goals"
TL;DR
Elon Musk expressed discomfort with growing Tesla's AI and robotics capabilities without at least 25% voting control, nearly double his current stake, and indicated a preference to build products outside of the company if this condition isn't met. He also mentioned being open to a dual-class share structure to achieve his goal, but lamented that it was not allowed post-IPO. Musk currently faces a lawsuit over his compensation package, but stated that there is no "feud" with the board over his new compensation package.
Topics:businessbusinesstech#artificial-intelligence#businesstech#dual-class-share-structure#elon-musk#tesla#voting-control
- Musk wants 25% voting control at Tesla before fulfilling AI goal Reuters.com
- Elon Musk wants more control of Tesla, seeks 25% voting power CNBC
- Elon Musk complains about his smaller stake in Tesla after wasting it on buying Twitter Electrek.co
- Elon Musk Demands at Least 25% Ownership in Tesla via a New Compensation Package, Threatens to “Build Products Outside of Tesla” Wccftech
- Elon Musk says he’d rather build AI outside of Tesla without new comp package TESLARATI
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