Elon Musk Pushes for Increased Control and Ownership Stake in Tesla, Threatens AI/Robotics Development

Elon Musk expressed his desire for more control over Tesla, stating that he needs around 25% voting control to lead the company in AI and robotics. This caused Tesla stock to fall, with analysts expressing concerns about the potential impact on the company. Musk's comments came after he posted a video of a Tesla humanoid robot, and he also mentioned a lack of a new compensation plan due to an ongoing lawsuit. Despite the recent stock downturn, Tesla had a strong performance in 2023, outperforming the S&P 500 index.