Tesla CEO Elon Musk will resist building Tesla into a leader in artificial intelligence and robotics unless he has at least 25% voting power, nearly double his current shareholding. He said there is.
In a post on social media platform “It's not as good as it should be.” Tesla wants its products to be manufactured outside of electric car manufacturers.
Although he has long touted Tesla's partially automated “fully self-driving” software and its prototype humanoid robots, the electric car maker derives most of its revenue from its auto business.
Some analysts have pointed to technology such as Tesla's Dojo supercomputer used to train its AI models as a factor in the EV maker's valuation, said Morgan Stanley analyst Adam Jonas. said in September that Dojo could boost the company's market value by nearly $600 billion.
Tesla shares were flat on Tuesday following Musk's comments.
Musk, the world's richest man, currently owns about 13% of Tesla after selling billions of dollars in stock in 2022 to finance his $44 billion acquisition of Twitter.
In another post on said.
“A crazy meta multi-class stock structure that gives control to the next 20+ generations of the Zuckerberg family is fine before the IPO, but even a rational dual class is not allowed after the IPO. That's strange,” he said. He mentioned Mark Zuckerberg, the founder of Facebook's parent company.
A company with a dual-class structure has two or more classes of stock with different voting rights. Typically, one gives larger voting rights to the founders and early investors, and the other gives less voting rights to other shareholders.
Tesla did not immediately respond to a request for comment.
Musk is currently facing a lawsuit over his compensation package.
Tesla shareholder Richard Tornetta sued Musk and the board in 2018, claiming the co-founder used his advantage over Tesla's board to offer a huge compensation package that didn't require him to work full-time at the EV maker. We want to prove that we have achieved this.
Musk said of X: There is no “feud” discuss his new compensation package with the board; Said A pending verdict had hampered discussion.
