Elon Musk confirms his threat: give me 25% of Tesla or you don’t get AI and robotics

Tim_vb

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...the CEO suggested that he is “uncomfortable” building AI products at Tesla unless he has “25% control over the company” – something he doesn’t have right now – partly because he decided to sell tens of billions of dollars worth of Tesla shares to buy Twitter.

Musk currently owns about 13% of Tesla’s shares. If his 2018 compensation package goes through, he will be closer to 18% – assuming that he sells some shares to pay for taxes. It means that he would need another compensation package worth tens of billions or a new share class at Tesla to give him more control.

In a new post on X, the CEO now appears to confirm his previous threat and even makes the quiproquo clearer by approving this message:

Screenshot-2024-05-20-at-10.45.54%E2%80%AFAM.jpg

By approving of this post, the CEO appears to say that these conditions are needed for him not to divert AI and robotics products away from Tesla:

  • get 25% voting power over Tesla
  • Reincorporate Tesla in Texas
  • reapprove his 2018 compensation package
 
Doesnt he already own xAI?

Why doesnt he move tesla robotics over to that.
 
Also what happened to Eelawn being a kak businessman who just bought companies other people made great? :unsure:
 
...the CEO suggested that he is “uncomfortable” building AI products at Tesla unless he has “25% control over the company” – something he doesn’t have right now – partly because he decided to sell tens of billions of dollars worth of Tesla shares to buy Twitter.

Musk currently owns about 13% of Tesla’s shares. If his 2018 compensation package goes through, he will be closer to 18% – assuming that he sells some shares to pay for taxes. It means that he would need another compensation package worth tens of billions or a new share class at Tesla to give him more control.

In a new post on X, the CEO now appears to confirm his previous threat and even makes the quiproquo clearer by approving this message:

Screenshot-2024-05-20-at-10.45.54%E2%80%AFAM.jpg

By approving of this post, the CEO appears to say that these conditions are needed for him not to divert AI and robotics products away from Tesla:

  • get 25% voting power over Tesla
  • Reincorporate Tesla in Texas
  • reapprove his 2018 compensation package

What an autist. Power hungry, greedy SOB.
 
Still curious as to how xAI is not a direct conflict of interest since he's taken engineers from Tesla for it.
Yeah, thats my point. He already moved some of the tesla ai guys there, why not move robotics as well.

This is just him trying to squeeze his cult. Just like trump
 
Why does a entire ai department/division pivot around him for a company? :unsure:
 
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