Elon Musk Demands More Voting Control in Tesla, Threatens to Build Products Elsewhere

Musk's Demand for Increased Voting Control Raises Governance Concerns Amid Pending Delaware Lawsuit

Elon Musk, CEO of Tesla, has expressed discomfort in growing the company to be a leader in AI and robotics without having approximately 25% voting control, up from his current 13% stake.
Musk has threatened to build products outside of Tesla if his demand for increased voting control is not met, raising concerns among investors and governance experts.
Musk's demand comes amid a pending Delaware lawsuit in which a Tesla shareholder accused him of using his influence to obtain an outsized compensation package.
Experts suggest Musk's posts could violate the corporate opportunity doctrine, which prohibits CEOs and directors from taking any business opportunities for themselves that may benefit their corporation.
Tesla's board, which includes Musk's brother and several close friends, has been criticized for not serving as a check on Musk's impulsive behavior.