Elon Musk shook the agenda again with his reaction post on X. “The company told me If you don’t give 25 percent “I will not produce artificial intelligence and robotic products,” Elon Musk intimidated all Tesla shareholders. So, where did this great threat come from and what does it mean? Here are the details…
Elon Musk intimidated Tesla shareholders! He asked for 25 percent shares
Elon Musk has repeatedly stated that Tesla, beyond being an automobile company, is essentially an artificial intelligence and robotics company. “Tesla, autonomous driving is almost nothing without a core AI product like Musk said, emphasizing how important the products in this field are. However, canceling the more affordable Tesla vehicles and focusing on the Robotaxi model complicated things a bit.
In a statement he made recently, Musk said that in order to continue producing artificial intelligence products at Tesla, the company 25 percent He stated that he needed to have control. Currently at Tesla 13 percent Musk, who owns shares, will increase this rate if the compensation package in 2018 is approved. to 18 percent will come out. But Musk wants more shares or a new share class to give him 25 percent control.
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In a post on the social media platform X (formerly Twitter), Musk confirmed the following message given by Tesla: “If Elon gets 25 percent voting rights, Tesla is restructured in Texas and the compensation package is approved, artificial intelligence and robotics products will remain with Tesla and the company will be on its way to becoming the largest company in the world.”
This is a very interesting situation. It is not uncommon for the CEO of a public company to threaten to stop producing products that are critical to the company’s success. Elon Musk seems to be cornering shareholders with this threat. Musk, who currently owns 13 percent of the company, wants either a new compensation package or the creation of a new share class to gain 25 percent control.
If Musk’s request is accepted, Tesla will be restructured in Texas and the compensation package requested by Musk will be approved. But if that doesn’t happen, the future of Tesla’s AI and robotics products is in jeopardy. So what do you think? You can write your opinions in the comments section below.