Elon Musk is seeking at least 25% control of Tesla to ensure his leadership in AI development. He has expressed discomfort in leading Tesla's AI efforts without more control. This move follows his stake reduction to finance a deal for Twitter. Musk's demand for control has sparked concerns about governance and regulatory responsibilities. The short interest in Tesla is considerably low, with the 'days to cover' being less than one and only around 3% of the float. Critics and analysts have raised concerns about Musk's pursuit of control and its potential impact on laws, regulations, fiduciary responsibilities, and the rights of workers, consumers, and critics. Spirit Airlines' shares plummeted by over 50% after a court blocked its merger with JetBlue.
At least 25% is the stake Elon Musk says he wants in Tesla if he's not to take his AI development efforts elsewhere, and shares of Spirit Airlines plunged more than 50% after a court blocked its merger with JetBlue. All that and more in a roundup of the week in numbers https://t.co/9Yoi7CHq02
And Musk owns at least 25%... Sorry, $TSLA! https://t.co/Xrc6DQnh3r
WATCH: At least 25% is the stake Elon Musk says he wants in Tesla if he's not to take his AI development efforts elsewhere, and shares of Spirit Airlines plunged more than 50% after a court blocked its merger with JetBlue. All that and more in a roundup of the week in numbers https://t.co/Od95kREFkh
As Elon Musk demands more control over Tesla, understand he means to confirm his omnipotent reign w/out regard to laws, regulations, fiduciary responsibility, worker & consumer protections, or rights of critics, media, & anyone who calls him out & reveals harm he inflicts. $TSLA https://t.co/Z3dfgbwSYi
From @Breakingviews: Elon Musk wants 25% control of Tesla, after trimming his stake to help finance a deal for Twitter, now X. Heading off the risk that he will divert his most ambitious efforts elsewhere means following bad governance with worse, Jonathan Guilford says https://t.co/XVQd91idyZ
From @Breakingviews: Elon Musk has said that he is ‘uncomfortable’ developing Tesla into a leader in #AI unless he has more control. One way to do that is to issue common stock to Musk, but Jonathan Guilford says that option is not going to be easy https://t.co/eurP8jYoji
From @Breakingviews: Elon Musk has said that he is ‘uncomfortable’ developing Tesla into a leader in #AI unless he has more control. One way to do that is to issue common stock to Musk, but Jonathan Guilford opines that option is not going to be easy https://t.co/QL752OKE9A
From @Breakingviews: Elon Musk wants 25% control of Tesla, after trimming his stake to help finance a troubled deal for Twitter, now X. Heading off the risk that he will divert his most ambitious efforts elsewhere means following bad governance with worse, Jonathan Guilford says https://t.co/bjgduFyWR4
Oh gee, it's that "moron methodology" again re $TSLA being "most shorted." In actual fact, "days to cover" for Tesla's short interest is considerably less than ONE (!) and only around 3% (!) of the float. But hey, that "big squeeze" is coming any day now! https://t.co/KqyvK3L8aC https://t.co/TDmuDkXw9x