Elon Musk recently stated that he would need 25% voting control of Tesla (NASDAQ:TSLA) to be comfortable creating AI and robotics products and services within its corporate structure. He currently owns 13%.
“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned,” Musk wrote on X on Jan. 15
There are so many reasons the board complying with Musk’s wishes would be a terrible mistake. Here are three that stand out for me.
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