Musk Pressures Tesla’s Board for Another Massive Stock Award
- CEO suggests he’ll build products elsewhere without 25% stake
- He sold almost $40 billion of shares in 2022 to buy Twitter
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Elon Musk leaned on Tesla Inc.’s board to arrange another massive stock award for him years after he sold a significant chunk of his shares in the company to acquire Twitter.
In one of several posts on the topic, Musk wrote that unless he has roughly 25% voting control at Tesla, he’d prefer to build artificial intelligence and robotics products elsewhere. While he remains the carmaker’s biggest shareholder with an almost 13% stake, he sold almost $40 billion worth of stock in 2022 to help fund his Twitter purchase.