Elon Musk, the CEO of Tesla, has expressed his discomfort about the company’s trajectory in the fields of artificial intelligence (AI) and robotics. Musk, who currently holds around 13.4 per cent stake in Tesla, stated that he would prefer to have 25 per cent voting control to ensure his influence. In a post on social media platform X, Musk emphasized that unless he obtains the desired level of control, he would rather focus on building products outside of Tesla.
Musk believes that 25 per cent voting control strikes a balance between being influential and allowing for decisions to be overturned if necessary. He highlighted that while Tesla may seem like a single entity, it is actually a conglomerate of different ventures. In comparison to other stakeholders, such as Fidelity, who own similar stakes in the company, Musk questioned why they don’t actively participate in day-to-day operations.
Acknowledging the competence of the Tesla board, Musk clarified that having 25 per cent voting control would ensure he can make impactful decisions for the company. However, he emphasized that a lower percentage, such as 15 per cent, would leave him vulnerable to takeovers by dubious interests.
As Tesla continues to expand its presence in AI and robotics, Musk’s desire for greater control reflects his vision for the company’s future. Whether this will lead to changes in Tesla’s governance structure remains to be seen, but it is a clear statement of Musk’s commitment to shaping the direction of Tesla’s technological advancements.
The source of the article is from the blog publicsectortravel.org.uk