Elon Musk and His Quest for Voting Control of Tesla

The world’s most affluent individual and Tesla CEO Elon Musk revealed yesterday that he would feel uneasy expanding the electric vehicle (EV) company’s presence in the artificial intelligence (AI) and robotics sectors unless he possesses at least a quarter of the company’s voting control. This is a significant increase from his current 13% stake in the company.

He voiced this sentiment through a post on the social media platform X, previously known as Twitter. Musk stated that unless he accumulated enough Tesla stock to be influential, but not so much that he couldn’t be overruled, he would rather develop products outside of the EV manufacturer’s scope.

Despite his constant promotion of Tesla’s Full Self-Driving software and prototype humanoid robots, the vast majority of the company’s revenue still stems from its…