Elon Musk Demands Greater Control of Tesla for AI and Robotics Development

Musk Threatens to Take AI Initiatives Outside of Tesla if Demand for 25% Voting Control is Not Met

Tesla CEO Elon Musk has stated he wants a 25% voting control in the company, nearly double his current stake, before he will further develop AI and robotics projects within Tesla.
Musk's demand comes as Tesla is expanding into AI and robotics, with projects like the Tesla Full Self-Driving chip and a humanoid robot.
Musk's current stake in Tesla is around 13%, having sold a significant amount of his shares in 2022 to fund his purchase of Twitter.
If Musk's demand is not met, he has threatened to take his AI initiatives outside of Tesla, which analysts argue would be a significant blow to the company's future growth.
Musk's demand for greater control is currently complicated by a pending court case regarding his 2018 compensation plan, which a shareholder has argued was excessive and a breach of fiduciary duty.