"Elon Musk's Ultimatum: More Control Over Tesla for AI Expansion"

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Source: Fox Business
"Elon Musk's Ultimatum: More Control Over Tesla for AI Expansion"
Photo: Fox Business
TL;DR Summary

Elon Musk expressed discomfort with expanding Tesla's AI and robotics work without having around 25% voting control, citing concerns about being overridden by shareholders. He mentioned a preference for building products outside of Tesla if this control isn't achieved. Musk also discussed the possibility of a dual class voting structure and highlighted ongoing legal matters related to his compensation package. Despite these challenges, Tesla continues to invest significantly in AI development, with Musk believing it has the potential to make the company the most valuable in the world.

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