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Elon Musk is seeking a bigger stake in Tesla – otherwise, he fears he will be “voted out”.

The billionaire businessman – who used $40 billion of his stock to help with his purchase of Twitter (now X) for $44 billion – currently has a 13 per cent stake and is the biggest shareholder of the EV giant, however, he insists he needs to own 25 per cent if he’s to remain and provide AI and robotics work.

Speaking at an earnings call on Wednesday (24.01.24), Bloomberg reports that he said: “I don’t want to control it, but if I have so little influence at the company at this stage, I could be voted out …

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