Elon owns 13% of Tesla’s $600 billion stock.
Tesla CEO Elon Musk is no stranger to making headlines.
But his recent move to demand 25% of Tesla’s voting rights before going deeper into artificial intelligence and robotics has unnerved investors.
This is almost double what he currently owns.
Elon is always making waves and doing tricks that no one can seem to predict.
Musk, who currently owns about 13% of Tesla’s shares,’s push for more control speaks volumes about his vision for the company.
This is similar to a captain wanting to keep a firmer grip on the wheel of a ship when sailing into uncharted waters.
Well, arguably Elon is Tesla and Tesla is Elon.
Take out Elon and we’ll all see how far Tesla can go.
But why focus on AI and robotics?
Tesla is famous for its electric vehicles, but it is more than just a car manufacturer.
It is a hotbed of housing projects and innovations such as fully self-driving chips and Optimus humanoid robots.
“You don’t seem to understand that Tesla is not one startup, but dozens of startups,” he wrote. “Take a quick look at the delta between what Tesla is doing and what GM is doing.”
For investors who look to Tesla for these futuristic ventures, the idea of Musk taking AI initiatives outside of Tesla is akin to removing a key ingredient from its recipe for success.
Musk’s rationale for seeking more control is full of irony.
He wants enough influence to be an important player, but not so much influence that he can’t be challenged.
It’s a delicate balance of power that reflects Musk’s awareness of the risks associated with powerful technology.
So is he threatening the board, or is he sending mixed signals?