Despite this, some supporters argue that Musk's influence warrants a larger stake. Musk has launched a separate company, xAI, and is raising $1 billion from investors. He has also been involved in the development of Tesla's Optimus humanoid robot and "Full Self-Driving" software. However, his recent acquisition of Twitter has strained his relationship with Tesla investors, causing the company's stocks to plummet.
Key takeaways:
- Elon Musk, CEO of Tesla, has demanded a 25 percent voting control in the company, threatening to pursue other AI ventures if his demands are not met. This has increased pressure on investors and has been criticized by some, including Tesla investor Ross Gerber.
- Musk has previously sold off $22.9 billion of his own Tesla shares to fund his acquisition of Twitter, which was deemed disastrous and led to a significant drop in Tesla's stock value.
- Despite the controversy, some, like Wedbush Securities analyst Dan Ives, believe that Musk should be given a bigger stake in Tesla due to his influence and that the current issue will be resolved within the next 3-6 months.
- Musk has already launched a separate company, xAI, which is seeking to raise $1 billion from investors. Tesla is also working on several AI initiatives, including its Optimus humanoid robot and "Full Self-Driving" software.