ALBAWABA - Elon Musk, the influential CEO of Tesla and controversial new owner of Twitter, later re-branded to X, has spoken out on his own platform regarding his plans to develop AI products and Robotics outside of Tesla in case the company’s board does not provide him with at least 25 percent of their stocks.
Musk currently owns 13 percent of Tesla according to Forbes worth around $90.9B, this is cut down after the billionaire had previously sold block after block of his shares to be able to finance his X problematic buyout worth $44 billion.
In a post on X, on Monday, the extravagant CEO spoke about how unless he has 25 percent of voting control over the company, he does not feel comfortable building new AI and robot tech with Tesla and he would rather take his ventures in the $454 billion AI industry somewhere else, arguably his new company X AI.
The 12 percent extra shares requested by Musk are worth around $82 billion, making this a tough call for Tesla’s board which has yet to comment on the ultimatum, especially with a recent 4 percent drop in stock price after Musk warned how their new Cybertruck would not generate profitable cash flow until 12 to 18 months of release, leading investors to add stress after expressing worries of Musk’s priorities since his Twitter deal.
Tesla has recently held their AI Day conference, in which they revealed their new robot called Optimus, showcasing their current high-end Artificial Intelligence technology. While Musk’s new xAI has released Grok, a new Large Language Model ChatBot meant to compete with OpenAI’s well-adopted ChatGPT.
Elon Musk. (Shutterstock)
