Getty ImagesElon Musk has said he wants a bigger stake in Tesla, reviving debate over the size of the billionaire’s pay package.
Mr Musk sold a large chunk of his shares in the electric car company less than two years ago to buy the social media platform Twitter, now called X.
He now owns around 13% of Tesla.
But he claims the current structure makes Tesla vulnerable to a “takeover by dubious interests” and he wants more control over its direction.
Mr Musk said he is particularly concerned about Tesla’s investments in artificial intelligence (AI) features.
“I am uncomfortable growing Tesla to be a leader in AI and robotics without having 25% voting control,” he wrote in an X post.
He added: “Unless that is the case, I would prefer to build products outside of Tesla.”
Dan Ives, an analyst at Wedbush Securities, said the comments had created a “firestorm” for Tesla which has presented self-driving and automated capabilities as key to its…
