Musk aims to tighten his grip on Tesla, pursuing an additional 80 billion dollars worth of shares at no cost.

Elon Musk, the CEO and founder of Tesla, stunned investors by demanding that the company’s board gives him shares worth than 80 billion dollar – otherwise he threatens to develop all his future Artificial Intelligence projects outside of Tesla.

Mr. Musk wrote – as usual – in a tweet on X:  ” I am uncomfortable growing Tesla to be a leader in Artificial Intelligence withput having minimum 25 % voting control!”

Elon Musk owns now 13  % of Tesla after selling a substantial amount of his Tesla-shares to finance his 44 billion takeover of Twitter, now X.

To get back the 12 % shares from the board would be expensive for all shareholder: An additional 12 % of Tesla would be worth 83 billion.

The companys stock has already fallen this year 11 % as a result of Mr. Musks huge losses at Twitter / X.

The threat of Elon Musk to pursue all his Artificial Intelligence-projects outside of Tesla could hurt the stock prive of the EV-company much more. Tesla is relying very much on the promises of Mr. Musk that the company will be the first bringing self driving cars on the market. The success of the company relies heavily on the build-in of Artficial Intelligence and a robot-system called Optimus which is by far the leading self-driving technology in the world.

The Tesla board is now thinking to give Mr. Musk huge stock options which he could receive when Artificial Intelligence would double the stock value of Tesla once more.