Elon Musk wants 25% of the shares and voting power in Tesla Motors. That is something that has been claiming since January 2024, after sales figures revealed of the company electric cars in 2023. However, with the start of the second half of the year in sight, The tycoon exerts pressure with a dangerous threat that puts the company's existence in check.
Is it possible that Tesla Motors will collapse? For Elon Musk yes, since the tycoon says that he would take his robotics and artificial intelligence initiatives if they do not give him the 25% of the company.
An X account called Teslaconomics makes a post in which he expresses the following: “If Elon obtains 25% of the voting power, Tesla rejoins Texas and the compensation package is approved, so AI & Robotics remains within Tesla and the company can move forward until it became the largest company in the world.”
Elon Musk, faithful to his controversial style of airing the problems of his companies and the steps he is going to take in the business world, responds to the post with an imposing “yes.”
A report from the digital media CNBC published in January of this year, reports that Elon Musk already owns around 13% of Tesla, which gives you significant control over the company. However, the businessman believes that he needs more control to promote Artificial Intelligence and robotics projects within the company.
“I feel uncomfortable making Tesla a leader in artificial intelligence and robotics without having about 25% voting control. Enough to be influential, but not so much that they can't overthrow me,” she said in a message from his X account, posted five months ago.
The acquisition of the new shares has been on trial since 2022 and Elon Musk claims that there is still no verdict. So, that's why he threatens to take away artificial intelligence initiatives in Tesla models and the implementation of robotics in the company's electric cars.
If this were to happen, Tesla shares, which had been recovering in the last month, after the agreements with the Chinese market, they would collapse and could bankrupt it. If the opposite happens, Elon Musk would then have complete control of the company.