NEWS
WHAT!? Elon Musk is planning to own ABC to cancel ‘The View’? Full story in comments! 👇
The Tesla board, Musk said, should grant him 25% voting control, an amount that would nearly double the vote share currently afforded to Musk through his stake in the company.
The move would tie the company’s fate even more closely to its high-profile leader, ensuring Tesla will develoP-house at a time when the technology stands poised to shape the auto industry and a range of other sectors, proponents say.
Critics, however, caution of a risky precedent if the company’s board were to comply with the request, empowering Musk in any future dispute with shareholders little more than a year after he sold a large number of Tesla shares to help fund his acquisition of X, formerly known as Twitter.
“Musk is Tesla and Tesla is Musk and AI is a key to the future of Tesla,” Dan Ives, a managing director of equity research at the investment firm Wedbush, who is bullish on Tesla, said in a memo to investors on Tuesday.
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