Insiders

Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements

January 16, 2024 at 05:03 pm IST

By Mauro Orru

Elon Musk said in a post to X that he feels uncomfortable making Tesla a champion of artificial intelligence if he doesn't control about 25% of the electric-car maker.

Musk said late Monday that he wants enough control at the EV car maker to be influential, but not so much that he couldn't be overruled. He currently controls about 13% of Tesla, according to FactSet.

"Unless that is the case, I would prefer to build [AI] products outside of Tesla," Musk wrote on X, formerly known as Twitter.

Tesla shares have traded down more than 2% pre-market. The company didn't immediately respond to a request for comment.

The chief executive of Tesla and owner of X has warned for years that poorly built artificial intelligence could have catastrophic effects on humanity.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

01-16-24 0632ET

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Elon Musk

Mr. Elon R. Musk is a Chief Executive Officer at The Boring Co., a Technoking of Tesla at Tesla, Inc., a Chief Executive Officer & Director at Space Exploration Technologies Corp., a Chief Executive & Technology Officer at Spacex SA and a Co-Chairman at OpenAir, Inc. He is on the Board of Directors at Tesla, Inc., Space Exploration Technologies Corp., Endeavor Group Holdings, Inc. and Musk Foundation. Mr. Musk was previously employed as a Trustee by California Institute of Technology, a Chairman by SolarCity Corp., a Chairman & Chief Executive Officer by PayPal, Inc., a Founder by Zip2 Corp., a Co-Founder by Neuralink Corp., a Co-Founder by OpenAI, Inc., a Non-Executive Director by Surrey Satellite Technology Ltd., and a Trustee by X PRIZE Foundation. He also served on the board at Everdream Corp. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania.

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TESLA, INC.	Founder
Space Exploration Technologies Corp. Space Exploration Technologies Corp. Aerospace & DefenseElectronic Technology Space Exploration Technologies Corp. designs, manufactures and launches rockets and spacecrafts. It develops the partially reusable launch vehicles Falcon 1 and Falcon 9. The company was founded by Elon Reeve Musk in 2002 and is headquartered in Hawthorne, CA.	Founder