Voting Control

Elon Musk has voiced concerns about losing control of Tesla, citing his current 12.8% stake as insufficient to secure his position, especially with the company’s future robotics focus. He refuted claims of using Tesla stock as loan collateral. Musk aims for a 25% share to maintain strategic influence, highlighting the impact of stock option taxation on his voting control. His apprehension stems from the possibility of being ousted by activist shareholders after Tesla produces “millions of robots.”