Musk Nears 25% Tesla Stake, Strengthening Control and Payout
• Elon Musk now owns a 20.5% stake in Tesla, nearing his demanded 25% voting control • Musk's stake is 411.06 million shares of common stock and options for 303.96 million more • In January, Musk said he wanted 25% to ensure influence and build AI/robotics products within Tesla • A larger stake means a larger payout for Musk from his contested $55B CEO compensation package • Tesla stock price increased 4.7% on Thursday after recent struggles to start 2024