Tesla CEO Elon Musk Aims For 25% Stake to Pursue AI and Robotics Ventures
Tesla CEO Elon Musk expressed his desire to increase his voting control in the company to 25%, nearly doubling his current stake. Musk posted on X, formerly Twitter, his discomfort in expanding Tesla's AI and robotics sectors without having a significant, but not absolute, influence over the company's decisions. Musk retains approximately 13% ownership of Tesla after selling billions of his shares to partially fund his acquisition of Twitter. Musk suggested that he would independently pursue AI and robotics ventures, if he can't secure his desired level of influence at Tesla, raising concerns among experts about potential conflicts with his responsibilities as Tesla's CEO.
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00:00 It's Benzinga and here's what's on the block. Tesla CEO Elon Musk expressed his desire to
00:05 increase his voting control in the company to 25%, nearly doubling his current stake.
00:09 Musk posted on ex-formerly Twitter his discomfort in expanding Tesla's AI and robotics sectors
00:14 without having a significant, but not absolute, influence over the company's decisions.
00:18 Musk retains approximately 13% ownership of Tesla after selling billions of his shares to
00:23 partially fund the acquisition of Twitter. Musk suggested that he would independently pursue AI
00:27 and robotics ventures if he can't secure his desired level of influence at Tesla,
00:31 raising concerns among experts about potential conflicts with his responsibilities as Tesla's CEO.
00:36 Tesla's market value is expected to rise notably due to its cutting-edge AI,
00:40 full self-driving software, humanoid robots, and the Dojo supercomputer.
00:44 For all things money, visit Benzinga.com.