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Elon Musk Demands at Least 25% Ownership in Tesla via a New Compensation Package, Threatens to “Build Products Outside of Tesla”

NewsTech

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Elon Musk Tesla

Elon Musk famously sold Tesla shares worth billions of dollars in the past few years to pay off his tax liabilities and then to acquire the X social media platform at a nosebleed valuation. Those equity liquidations are now coming back to haunt him. I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned. Unless that is the case, I would prefer to build products outside of Tesla. You don’t seem to understand… — Elon Musk (@elonmusk) January 15, […]

Read full article at https://wccftech.com/elon-musk-demands-at-least-25-ownership-in-tesla-via-a-new-compensation-package-threatens-to-build-products-outside-of-tesla/

WccftechContinue reading/original-link]

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