Musk wants to increase his stake in Tesla to 25 percent
- January 16, 2024
- 0
Tesla and SpaceX CEO Elon Musk, who also owns the X social network, said he wants to buy approximately 25% of the shares in his business aimed at
Tesla and SpaceX CEO Elon Musk, who also owns the X social network, said he wants to buy approximately 25% of the shares in his business aimed at producing and selling electric cars.
CNBC reports this, according to Ukrinform.
According to data from the company’s latest financial statements for the third quarter of 2023, Musk currently owns about 13% of Tesla, or about 411 million shares of the company’s 3.19 billion shares.
That’s a big amount, especially considering Musk sold tens of billions of dollars worth of Tesla stock in 2022, largely to fund his $44 billion acquisition of Company X (formerly Twitter).
Musk now wants to control Tesla even more, have more influence on the company’s development and oppose other investors.
“I’m uncomfortable growing Tesla into a leader in artificial intelligence and robotics without getting 25% of the vote. Enough to be effective, but not so much that it doesn’t topple,” Kh wrote on his social network on Monday.
Tesla did not immediately respond to a request for comment.
As Ukrinform reports, according to American media, billionaire Elon Musk uses drugs banned in the USA, and this worries the heads of Tesla and SpaceX companies.
Source: Ukrinform
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