Elon Musk Aims for 25% Voting Share at Tesla
Tesla CEO Expresses Concerns over AI/Robotics Growth Elon Musk, CEO of Tesla, voiced his unease about advancing AI/robotics at the company without attaining a 25% voting share. In a social media post, Musk emphasized the importance of having stock “enough to be influential, but not so much that I can’t be overturned.” Presently holding approximately 13% of Tesla stock, Musk expressed his willingness to explore a dual-class voting structure to achieve the desired control, even though he was informed it was unattainable post the initial public offering in Delaware. Tesla is yet to respond to inquiries regarding Musk’s statements. Simultaneously, Musk is entangled in a legal battle over his compensation package. Shareholder Richard Tornetta filed a lawsuit in 2018, alleging that Musk exploited his influence over Tesla’s board to secure an overly generous compensation package without committing to full-time work at the electric car manufacturer. As the lawsuit unfolds, Musk’s quest for increased voting control adds a layer of complexity to the ongoing legal proceedings. TRENDING All Posts Music Video Trending Fabolous releases new – OSHO Freestyle (Official Video) January 11, 2024/Read More Eric Bellinger Drops Sultry New Single “La Perla” January 10, 2024/Read More Vintage Vibes and Romance: Summer Walker Drops Visually Spellbinding ‘Drown In My Love’ January 1, 2024/Read More Sparks Ignited: USHER and H.E.R. Drop a Love Bomb in ‘Risk It All’ Music Video December 28, 2023/Read More Eric Bellinger, Omarion – “Waiting 4 You” (Official Video) Premiere December 25, 2023/Read More Wiz Khalifa – Looking For Nipsey [Official Music Video] December 20, 2023/Read More Nicki Minaj Tops Billboard 200 with ‘Pink Friday 2,’ Securing Third No. 1 Album December 18, 2023/Read More Brandy – Christmas Party for Two [Official Video] December 10, 2023/No CommentsRead More Load More End of Content. LATEST NEWS All Posts Latest News Interview Featured Celebrating Martin Luther King Day: A Tribute to Equality January 15, 2024/Read More Angela Bassett Receives Long-Awaited Honorary Oscar, Acknowledges Trailblazing Black Actresses January 12, 2024/Read More Google’s Recent Layoffs Signal Strategic Shift January 11, 2024/Read More Fabolous releases new – OSHO Freestyle (Official Video) January 11, 2024/Read More Eric Bellinger Drops Sultry New Single “La Perla” January 10, 2024/Read More MEGAN 2.0 Welcomes Back Original Star: Anticipation Rises for Sci-Fi Horror Sequel January 9, 2024/Read More Jonathan Majors’ Emotional Revelation After Guilty Verdict January 8, 2024/Read More Origin of Evil: The First Omen | Official Trailer January 5, 2024/Read More Load More End of Content. Join Our VIP List Subscribe To AO Don’t miss out on all the exciting news and updates, subscribe now!