🔋On Monday, Elon Musk posted on X indicating he was, “uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control.”
This means Elon is looking for double his current stake, which currently sits at 12.95%, based on data from Wall Street Zen.
Upon further analysis of the data, it’s clear that Elon Musk is Tesla’s largest shareholder and sole insider among the top 10 owners.
The remaining 9 are institutions, most of which are likely holding Tesla shares for index funds.
Musk further added that without this significant stake, he would rather pursue projects outside of Tesla.
These comments raised governance concerns regarding Tesla’s future and Musk’s dedication to the company.
Sources: X, Wall Street Zen
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