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Elon Threatens to 'Build Products Outside of Tesla' Unless He Gets More Control of the Company

Elon Musk threatened to abandon some of Tesla’s most important work on Monday in an ongoing battle over how much he gets paid. The billionaire tweeted that he’s “uncomfortable” working on AI and robotics projects at the company…

Elon Musk threatened to abandon some of Tesla’s most important work on Monday in an ongoing battle over how much he gets paid. The billionaire tweeted that he’s “uncomfortable” working on AI and robotics projects at the company unless he gains more control of its stock. Musk, who owns about a 13% share in the company, threatened to “build products outside of Tesla” if his ownership doesn’t grow to 25%.

WatchDid Elon Musk Regret Buying Twitter? | Walter Isaacson Interview CCShare SubtitlesOffEnglishThe growing importance of AI seems to be the latest bargaining chip in a recent legal fight between Musk and his own shareholders. In July, 2023, Musk and other Tesla board members returned $735 million to settle a lawsuit accusing them of Advertisement“I should note that the Tesla board is great,” Musk wrote. “The reason for no new ‘compensation plan’ is that we are still waiting for a decision in my Delaware compensation case. The trial for that was held in 2022, but a verdict has yet to be made.” Tesla did not immediately respond to a request for comment. AdvertisementScreenshot: Gizmodo / XMusk’s share of the company has been shrinking ever since he was Musk sold billions in Tesla stock in part to finance the deal both before and after he took control of the platform. Still, Musk maintains one of the largest individual shares of the car maker.AdvertisementAI already makes up a major part of Tesla’s business, and Musk predicts it will grow to become even more significant than the company’s cars. The most obvious example is Tesla’s misleadingly named level 2 driver-assistance system “full self driving mode” (which the company now admits Hours before threatening his own company, Musk tweeted a video of Tesla’s new humanoid robot Optimus awkwardly folding a shirt, something it apparently can’t even do without human assistance. The world got a memorable introduction to Optimus in 2021, when Musk infamously forced a guy to walk around in a AdvertisementMusk’s army of followers on X/Twitter seem generally enthusiastic about the billionaire’s warnings about the future of Tesla. The Neolibertarian Twitter movement that Musk champions online is increasingly concerned about the “wokeness” of artificial intelligence. The CEO and many of his followers are alarmed that chatbots, including won’t parrot their extremist views on issues such as the human rights of trans people. On X, Musk spent Monday afternoon going back and forth with followers who worried that AI might destroy the world if he doesn’t have more control of Tesla.

Elon Musk threatened to abandon some of Tesla’s most important work on Monday in an ongoing battle over how much he gets paid.
Christine Neal · Thehackingpost

Based on reporting by gizmodo.com.

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AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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