ELON Musk warns of the loss of Tesla Control, denying the personal loans associated with stocks

Elon MuskCEO of Tesla Inc. (Nasdak:TimingHe expressed his concerns about the loss of control of the giant of electric vehicles Because of the influence of active shareholders.

What happened: Musk, who currently has a 12.8 % stake in Tesla, scares the disposal of shareholders who may not be in line with his vision of the company’s future.

It suggests that the ownership share of 25 % will provide him with sufficient effect, while still leaving room for its potential removal.

Musk’s fears conclude in the previous cases, where the shareholders voted in favor of a compensation package related to the company’s growth goals, only to be delivered by the Dilayer Canseri Kathaline McCromic court judge.

Earlier in January in a post on X, he participated that about 25 percent of the ownership share would be sufficient “to be influential, but not to the point that I cannot move.”

Musk has the opportunity to obtain an additional 304 million shares, which will enhance its control of 4 % vote after the tax.

Also read: Elon Musk returns to the intensive work schedule: “Back to work 7 days a week and sleep in the office”

In a statement on Friday on X, Musk confirmed that he had no personal loans against Tesla shares and reiterated his concerns about the overthrow of him by “active shareholders.” He expressed optimism that these fears will be addressed at the next shareholders meeting.

There are rumors that Musk may resign if its royal share is reduced, similar to the restrictions imposed on its payment package.

However, the majority of the shareholders who supported the salaries of Musk continue to support his leadership of Tesla operations.