Musk wants more control of Tesla as it moves into AI and robotics

TeslaMusk says he is ‘uncomfortable’ about building Tesla AI and robotics products without 25% voting control:

I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned. 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 delta between what Tesla does and GM. As for stock ownership itself being enough motivation, Fidelity and other own similar stakes to me. Why don’t they show up for work?

Musk reduced his ownership stake in Tesla by selling billlions to fund his purchase of Twitter. Musk’s current £56 billion compensation package is ccurently being examined by Delaware Chancery Court to see if it was fair to shareholders.

I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.

Unless that is the case, I would prefer to build products outside of Tesla. You don’t seem to understand…

— Elon Musk (@elonmusk) January 15, 2024