Tesla CEO Elon Musk is aiming to secure a bigger voting share at the electric vehicle company.
On Monday, Mr. Musk posted on X that he would be more comfortable with AI and robotic developments if he exerted more voting power at Tesla.
“I am uncomfortable growing Tesla to be a leader in AI & robotics without having [about] 25% voting control. Enough to be influential, but not so much that I can’t be overturned,” he wrote. “Unless that is the case, I would prefer to build products outside of Tesla. You don’t seem to understand that Tesla is not one startup, but a dozen. Simply look at the [difference] between what Telsa does and GM.”
If he secures a 25% voting stake, it would nearly double his current 13% share.
Mr. Musk used to control a far greater portion of Tesla stock before he bought Twitter in late 2022. After the $44 billion purchase, he sold billions of dollars worth of Tesla stock to offset expenses.
• Vaughn Cockayne can be reached at vcockayne@washingtontimes.com.
Please read our comment policy before commenting.