Elon Musk, Tesla’s CEO, has expressed a strong desire for increased voting control in the company. Musk’s recent statements on X, formerly known as Twitter, reveal his ambition to hold around 25% voting power within Tesla. This move, he argues, is crucial for him to maintain significant influence over the company’s direction, especially as Tesla advances in the artificial intelligence (AI) and robotics sectors.
Compensation and Control
In the backdrop of this development, Musk’s past and potential compensation packages have come under scrutiny. In 2018, he was awarded a $56-billion deal, marking one of the largest CEO compensation packages ever.
Currently, Musk holds approximately 13% of Tesla’s shares, a reduction from his previous 22% stake. He emphasizes that his interest lies more in the sphere of influence than in financial gain. Musk believes that a 25% stake would make him influential enough to guide Tesla’s AI ventures effectively while still being accountable for
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