Elon Musk issues ultimatum to Tesla: give me more shares or AI and robotics development stops
Elon Musk has threatened to pull back on advancing AI and robotics at Tesla unless the company raises his stake from the existing 13% to 25%. Holding around 411 million shares, Musk's surprising demand for an additional 12% ownership indicates a significant ultimatum from the CEO. He suggests that without this increase in shares, Tesla's progress in these key technological domains could be hindered. This move by the billionaire could potentially impact the EV maker's innovation trajectory, with AI and robotics being integral to Tesla's future plans. The company now faces the decision of whether to meet Musk's demands to ensure the continued development of its cutting-edge technologies.