, again. If they do, there’ll be inevitably another court challenge against the largest pay deal in US history.
He has said he would be uncomfortable growing Tesla into a leader in AI and robotics unless he has at least 25 per cent voting control – “enough to be influential but not so much that I can’t be overturned” – because his shareholding of about 13 per cent made a takeover by “dubious interests” too easy.
In November 2021 Tesla’s market capitalisation was $US1.24 trillion – nearly double the “stretch” target. Today, however, it is “only” $US554 billion, and below the level that would have triggered the final tranche. Given how significant Tesla’s prospective software is to its future – and to its sharemarket value – Musk’s threat to shift AI development outside Tesla if he doesn’t get his options is potent.diverted Nvidia AI chips destined for Tesla to his social media company X,
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianAus - 🏆 1. / 98 Read more »