Tesla CEO Elon Musk Demands Increase Voting Control of Tesla to 25% Amid AI and Robotics Expansion
  • 3 months ago
Tesla CEO Elon Musk is seeking to increase his voting control over the company to approximately 25% from the current 13%. Musk said he is "uncomfortable" growing Tesla's leadership in AI and robotics without having around 25% voting control of the company. Achieving 25% control could give Musk more influence over the company's direction while still allowing him to be overridden by shareholders. Concerns from investors about Elon Musk include his management of multiple companies, controversial public statements, federal investigations, and allegations of drug use as reported by The Wall Street Journal.