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Elon Musk gives Tesla ultimatum: Another 12% of shares or no AI, robotics (media.kbin.run)

submitted 10 months ago by [email protected] to c/[email protected]

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Elon Musk gives Tesla ultimatum: Another 12% of shares or no AI, robotics

Although 95% of its revenue is automotive, Musk says Tesla is a robotics/AI company.

https://arstechnica.com/cars/2024/01/elon-musk-gives-tesla-ultimatum-another-12-of-shares-or-no-ai-robotics/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

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[–] [email protected] 1 points 10 months ago

@[email protected]

<p>Failing that, Musk said he would "prefer to build products outside of Tesla," then questioned why large institutional investors in Tesla like Fidelity "don't show up to work," seemingly confused by the difference between an individual with a job and a company that owns assets.</p>

This is the context I'm here for.