Musk wants a bigger share in Tesla to grow AI, robotics business

Computerworld January 16, 2024
Elizabeth Montalbano

The controversial tech leader suggests he would take these products outside the company since his current stake allows him to be outvoted by the board at the EV manufacturer.

Elon Musk wants more control of Tesla, the electric vehicle (EV) manufacturer that made him a multi-billionaire, to advance its position as a leader in artificial intelligence (AI) and robotics technology.

The outspoken CEO and co-founder of Tesla used X (formerly Twitter), the social-media platform he owns, to share his discomfort about growing these technologies within the company without having more of a financial stake and thus voting control with Tesla’s board.

Musk currently has a 13% share in the company, which overall has a market cap of $764.37 billion.

“I...

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