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Dual Class Share Structure

All articles tagged with #dual class share structure

businesstech2 years ago

"Elon Musk Pushes for Increased Control of Tesla Amid AI Ambitions"

Elon Musk expresses discomfort with growing Tesla's AI and robotics ambitions without at least 25% voting control of the company, nearly double his current stake, and is open to a dual-class share structure to achieve this. He has been selling shares to increase his stake and seeks to avoid a situation where he can't be influential but can be overturned. Musk's push for greater control comes as Tesla's AI and robotics technologies are seen as potential drivers of its valuation, with the company's shares falling about 2% in pre-market trading following his comments.

businesstech2 years ago

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

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.