Elon Musk wants more control of Tesla, seeks 25pc voting power
Tesla and SpaceX CEO Elon Musk, who also owns the social network X (formerly known as Twitter), said Monday that he wants about 25 per cent of voting control over his electric vehicle business.
Musk already owns around 13 per cent of Tesla, or approximately 411 million shares of the company’s 3.19 billion shares in common stock outstanding, as reported in the company’s last financial filing for the third quarter of 2023.