Skip to main content
See every side of every news story
Published loading...Updated

Elon Musk wants more control of Tesla, seeks 25% voting power

  • Tesla CEO Elon Musk wants to increase his ownership stake in the company from roughly 13% to around 25% in order to have more voting control and influence over its growth in artificial intelligence and robotics.
  • Musk believes that having a 25% voting control would make him influential but still open to being overridden, while anything below 15% would make it easier for "dubious interests" to take control of the company.
  • Musk's desire for more voting control adds pressure to Tesla's board of directors, who are already facing concerns from investors about his split focus, divisive commentary, and federal probes.
Insights by Ground AI

56 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 49% of the sources are Center
49% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Verge broke the news in United States on Monday, January 15, 2024.
Sources are mostly out of (0)
News
For You
Search
BlindspotLocal