Musk Demands Bigger Stake in Tesla as Price for A.I. Work

January 16, 2024

& robotics without having ~25% voting control,” Mr. Musk wrote on X. Tesla shares fell when Mr. Musk sold some of his stake to buy Twitter. The shares also suffered after Mr. Musk said in 2018 that he had the money to take Tesla private and delist it from the stock exchange. Mr. Musk was unable to execute the plan. “They didn’t make you sell your shares,” one user wrote, adding, “why should the board do anything to rectify this for you?”A stake of less than 15 percent of the company, Mr. Musk said, “makes a takeover by dubious interests too easy.”The post Musk Demands Bigger Stake in Tesla as Price for A.I.