Elon Musk’s recent public demand for more control of Tesla has sent shockwaves through the business world. In a bold move, Musk took to Twitter to express his discomfort with growing Tesla’s leadership in AI and robotics without having at least 25% voting control. This request for more influence but not complete control is a significant departure from traditional CEO behavior.
Musk, who has been instrumental in Tesla’s meteoric rise, hinted that he may step back or pursue other ventures if his request for more voting power is not met. This move has raised eyebrows and drawn comparisons to Musk’s past controversial statements on social media.
Despite Musk’s immense success and net worth exceeding $200 billion, he believes that more control is necessary for Tesla to reach its full potential. The company’s valuation is largely based on Musk’s vision of transforming Tesla into a multi-trillion-dollar AI and robotics powerhouse. However, Tesla’s current self-driving technology and robot projects are still in development, leading some experts to question their feasibility.
Furthermore, Tesla faces increased competition in the EV market, particularly from Chinese automaker BYD, which recently surpassed Tesla in global EV sales. Tesla has had to lower vehicle prices to remain competitive, impacting its profit margins. The company’s failure to launch a more affordable model has also hindered its sales growth.
The possibility of Musk leaving Tesla, the primary source of his wealth, is both unimaginable and uncertain. The company’s future without Musk at the helm remains a closely guarded secret. As Tesla navigates the challenges of justifying its valuation through AI innovation and expanding its car business, the question of Musk’s continued involvement looms large.
In conclusion, Elon Musk’s public demand for more control of Tesla has sparked speculation about the company’s future and his role within it. As Tesla strives to maintain its position as a leader in the EV market and AI technology, the outcome of Musk’s request for increased influence remains uncertain.