In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?
He doesn’t need to own 25% of tesla’s shares to be given 25% of voting power. It’s very common for different classes of shares for a company to exist that have entirely different voting rights.
I believe in order for that to work, the shares have to be set up for that during IPO. I’m not sure of any company that’s done it mid-flight (but I could be wrong).
They have, but it’s done before diluting shares. Generally people with voting power don’t vote that power away from themselves.
They also can’t re-issue dual shares in Delaware, where Tesla is incorporated.