• News

Elon Musk wants more voting control over Tesla (TSLA) as company grows AI & robotics efforts

In talking about his current ownership in Tesla stock, Elon Musk stated that he'd prefer to have more voting power at the company.

Donovan Erskine

January 16, 2024 7:00 AM

GQ

2

There have been a lot of conversations around Elon Musk’s ownership in Tesla, and his attitude toward the stock. Over the weekend, a couple of spectators discussed Musk’s lack of motivation to grow Tesla despite his significant ownership in the company. Elon himself chimed in to state that he’s currently uncomfortable with expanding Tesla’s AI and robotics business without more voting control.

Elon Musk shared a thread of tweets in response to users questioning whether or not the multi-billionaire is actually motivated to grow Tesla. “I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control,” he wrote. “Enough to be influential, but not so much that I can’t be overturned.” He then states that until this becomes reality, he prefers to build products outside of Tesla.

Musk goes on to address his stock ownership and speculation about his compensation.

Musk’s fixation on having a more influential vote as Tesla grows its AI and robotics efforts reveals another tech CEO showing open caution about the rapidly growing technology. OpenAI’s Sam Altman expressed concerns about artificial intelligence last year. For the latest Tesla and AI news, stay right here on Shacknews.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_