Elon and Wanting to Control 25% of Tesla (Patreon)
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“I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control,” Musk wrote in a post on Monday.
ONE THING U GET FROM ELON IS BRUTAL HONESTY 24/7 A REASON I TRUST HIM. WALL ST IS NOT USED TO THAT.
Elon Musk's pursuit of a bigger compensation package from Tesla has sparked debate among industry experts and observers. While Musk is undoubtedly a visionary and has led Tesla to numerous technological breakthroughs, there are concerns about the potential implications of granting him an even larger share of the company.
I believe that he is on the cusp of an AI breakthrough, particularly in the fields of robotics, self-driving cars, and other advanced technologies. I believe that his leadership and vision are essential for Tesla to maintain its competitive edge and continue to push the boundaries of what's possible. I also believe that with 25% control - he can implement a kill switch in the even the AGI gets out of control - his biggest fear.
He does not want Tesla to become like Google where it is all about profit - hence his fall out w Sergey.
However, Wall St critics argue that giving Musk an even larger share of the company could have negative consequences. They point to the potential for a lack of oversight and accountability, as well as the risk of alienating other talented engineers and leaders within the company.
If Elon Musk does not get his desired 25% control of Tesla, there is a possibility of a spin-out, which could benefit existing shareholders.
Either way - the path is set - Tesla investors need not worry but rather I take this as news he is on to something big (which we know already) and he has already told us Tesla will be the biggest company on earth soon - bigger than ARAMCO and AAPL combined.