Overview
- Elon Musk stated he intends to stay on as Tesla CEO for at least five more years, contingent on gaining majority voting power to shield against potential activist investor actions.
- Musk claimed Tesla's sales have rebounded globally except in Europe, though independent data shows continued declines in Q1 and Q2 2025 across major markets, including China and the U.S.
- Tesla shareholders are suing Musk over his threats to halt AI development at the company unless he is granted additional control through shares.
- Musk emphasized that his push for majority voting power is not financially motivated but aimed at maintaining strategic control over Tesla's AI and robotics initiatives.
- Critics highlight that Tesla's valuation remains heavily tied to promises of self-driving autonomy, which has faced delays and mounting competition from established players like Waymo.