Elon Musk Demands More Control Over Tesla Amid AI Ambitions

Shareholders Express Concern as Tesla's Stock Drops by 10%

Elon Musk, CEO of Tesla, has reiterated his demand for 25% voting control over the company, stating that he needs more influence to advance Tesla's position in the AI and robotics space.
Musk's demand has caused concern among shareholders, leading to a drop in Tesla's stock by as much as 10%.
Musk has suggested a dual-class share structure as a possible solution, stating that he is not seeking additional financial gain, but rather wants to be an effective steward of powerful technology.
Musk's demand for more control has raised questions about a potential conflict of interest between Tesla and his AI startup, xAI.
Despite the controversy, Musk has announced that Tesla's humanoid robot, Optimus, could ship as soon as 2025.