Tim_vb
Expert Member
...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:
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:
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:

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