When we mention the name Tesla, it is inevitably associated with the name of its boss, Elon Musk. It must be said that the latter continues to be talked about very regularly due to his genius, as well as numerous controversies. And yet few people know that the businessman is not actually the founder of the American manufacturer, as it is Martin Eberhard and Mark Tarpenning, who then left the venture. But that’s not all, because Elon Musk doesn’t actually own that many shares in the company, and that’s starting to pose a problem for him. Anyway, that’s what he explained recently in a message posted on X, formerly Twitter.

I’m uncomfortable growing Tesla as a leader in AI and robotics without having ~25% of the vote. Enough to be influential, but not so much that I can’t be unseated.

If not, I’d rather build products outside of Tesla. You don’t seem to understand…

— Elon Musk (@elonmusk) January 15, 2024

More meaning

Now, The CEO owns 13% of Tesla, equal to approximately 411 million shares. But this would not be enough for the latter, who would like to have a little more weight in the company. Thus, he would like to reach 25%, while he explains that he is currently not comfortable in his current position. And with good reason, he thinks he has enough stock to be influential, but not enough to be sure he won’t one day be ousted. He also explains that “you don’t understand that Tesla is worth not one startup, but a dozen. Just look at the space between them activities of Tesla and GM“. But that’s not all.

Small tackle

Because the businessman also launched small, the gear feels good other investors in the brand. Indeed, he notes that “as far as stock ownership being sufficient motivation, Fidelity and other investors own stocks similar to mine. Why don’t they show up for work? However, the CEO still described the board as “fantastic.” It remains to be seen whether he wins the case and whether he can own more shares in his company in the coming years.

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