Elon Musk wants more control of Tesla so activist investors can't boot him-but not so much the board can't fire him if he goes 'crazy'

""It is a big deal-I don't want to find I have so little control I can be easily ousted by activist shareholders. That is a major concern to me...""

""I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can't be overturned.""

Elon Musk's 13% ownership in Tesla presents a vulnerability to activist shareholders, raising concerns about his control over the company. He stated that he wants a 25% ownership stake to exert more influence while remaining accountable to the board. Musk's concern about being easily ousted by activist investors highlights the pressure he feels in balancing long-term vision against short-term influences. His advocacy for increased ownership coincides with Tesla's expansion into AI and robotics, which he believes require substantial support from dedicated leadership.

Read at Fortune