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Elon Musk appears to confirmed and even clarify what can be seen as a threat to Tesla shareholders: give me 25% of the company or I wont build AI and robotic products at the company, after making clear that the company is worthless without those.

In recent years, Musk has repeatedly stated that Tesla is an AI and robotics company. He has even said that Tesla is worth virtually nothing without self-driving, its main AI product.

More recently, the CEO has not only said that but has also been making moves to ensure that this is the only path for Tesla, like canceling the cheaper Tesla vehicle on the unboxed platform in favor of its upcoming Robotaxi.

Thats why it was really concerning when the CEO suggested that he is uncomfortable building AI products at Tesla unless he has 25% control over the company something he doesnt have right now partly because he decided to sell tens of billions of dollars worth of Tesla shares to buy Twitter.

Musk currently owns about 13% of Teslas shares. If his 2018 compensation package goes through, he will be closer to 18% assuming that he sells some shares to pay for taxes. It means that he would need another compensation package worth tens of billions or a new share class at Tesla to give him more control.

In a new post on X, the CEO now appears to confirm his previous threat and even makes the quiproquo clearer by approving this message:

If Elon gets 25% voting power, Tesla is reincorporated in Texas, and compensation package is approved, then AI & Robotics stays within Tesla and the company can march on forward to become the largest company in the world.

By approving of this post, the CEO appears to say that these conditions are needed for him not to divert AI and robotics products away from Tesla:

This is bizarre. The CEO of a major public company is publicly threatening to move products he himself claims are critical to Teslas success if he doesnt a greater percentage of the company.

I can say move here because Elon agreed with this idiotic comment that mentions AI and robotics staying within Tesla. This is a clearer threat than what he previously made, which was about being uncomfortable building AI products at Tesla.

Wild. I dont even know how he could legally do that, but as CEO, he could do a lot of damage if he wanted to.

The guy would already have about 25% of the company with his 2018 compensation package and if he didnt sell stocks to buy Twitter. You cant have your cake and eat it too.

Speaking of the 2018 compensation package, the reason it was rescinded was because a judge found that Elon had too much undue influence on the board. The board is now proving the judges point, as they are not doing anything about the CEO making this threat. Its ridiculous.

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Elon Musk confirms his threat: give me 25% of Tesla or you don't get AI and robotics - Electrek.co