Elon Musk demands another huge payday from Tesla [View all]
Source: CNN
Elon Musk says he wants a significantly larger stake in Tesla than the one that already made him the richest person on the planet.
In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
“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,” Musk wrote in a post on X. “Unless that is the case, I would prefer to build products outside of Tesla.”
Notably, Musk held a stake of more than 20% in Tesla before he sold a large number of shares to buy X, the social media company he purchased over a year ago for $44 billion.
-snip-
Read more: https://www.cnn.com/2024/01/16/tech/elon-musk-tesla-pay-package/index.html
= new reply since forum marked as read
