Elon Musk, CEO of Tesla, has demanded that the company's board give him shares worth over $80 billion in order to continue developing AI-based products.
Musk believes that owning 25% of Tesla will give him enough control to avoid takeovers and lead the company's AI and robotics initiatives.
He currently owns 13% of Tesla and selling a portion of his stake in Twitter would allow him to acquire an additional 12% of Tesla, effectively recouping his investment in Twitter.
Musk stated that if his demand is not met, he would prefer to build products outside of Tesla.
Source: https://www.nytimes.com/2024/01/16/business/tesla-elon-musk-stock.html
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