> The controversial CEO took to his social media platform X to say that unless he is awarded another 12 percent of the company, which would give him ownership of 25 percent of Tesla, he would be "uncomfortable growing Tesla to be a leader in AI & robotics."
Quite the threat.
If I was an investor in Tesla, I think I'd want him to start a separate company for those other tasks and then invest separately.
I wonder if Tesla's institutional shareholders see Tesla's foray into robotics as a money-losing distraction that drains precious company resources to serve no other purpose than to have bragging rights.
If any major shareholder does, Musk's threats seem to be a way to invite him to pursue his pet projects with his own money.
It takes some audacity to say "I alone can maintain Tesla's absurd PE ratio."l Especially after doing what he did to Twitter's valuation.