Elon Musk seeks greater control of Tesla for AI development
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Elon Musk, Tesla's CEO, wants a 25% voting control in the company before diving into artificial intelligence (AI) projects. Musk currently owns around 13% of Tesla stock. He shared on X, "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control." He believes that without this control, the company could be vulnerable to takeovers by questionable parties.