Report: Tesla to Address Musk’s AI Initiative Plans in Coming Months

The investment firm maintained its Outperform rating and $350.00 price target for Tesla. Elon Musk, CEO of Tesla, expressed his discomfort with expanding Tesla’s presence in AI and robotics without having around 25% voting control. This statement was made by Musk on X platform. Wedbush analyst Dan Ives stated that the investment firm believes all AI initiatives will remain within Tesla, and they are confident that an agreement will be reached between Musk and the Tesla board. However, Musk mentioned in his X post that if he doesn’t obtain the desired voting control, he would consider developing AI products outside of Tesla. He further explained the risks of further involvement in AI without more voting control, mentioning the ease at which dubious interests could potentially take over if his voting control remains at 15% or lower. If anyone has any tips or suggestions, they can contact Maria at [email protected] or via the X platform.

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