Elon Musk's Push for More Control at Tesla: Safeguarding Against AI Tech Going 'Awry'
Tesla CEO Elon Musk is advocating for the creation of a new class of super-voting shares to give him "strong influence but not control" over the company, citing the risk of activist shareholders steering it in the wrong direction. This move comes amid disappointment over Tesla's recent earnings report and a downbeat production outlook. Musk's request for a 25% stake in the company to grant him the desired level of power raises concerns about diluting existing shareholders' ownership and potential criticism of the board's deference to Musk.