"Elon Musk Pushes for 25% Voting Control at Tesla to Advance AI Goals"

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Source: Reuters.com
"Elon Musk Pushes for 25% Voting Control at Tesla to Advance AI Goals"
Photo: Reuters.com
TL;DR Summary

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.

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