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Home » Elon Musk Pushes for New Tesla Incentives Package – Seeking More Control Despite Massive Ownership Stake

Elon Musk Pushes for New Tesla Incentives Package – Seeking More Control Despite Massive Ownership Stake

Elon Musk

In newest comments, Elon Musk made his desire for a new incentives package from Tesla abundantly clear. He questioned why his current stake, roughly 13% of Tesla, does not motivate him enough already.

As Musk stated: “As for stock ownership itself being enough motivation, Fidelity and other own similar stakes to me. Why don’t they show up for work?”

While on the surface this may seem like a push for more money, Musk clarified this is about control and voting power. He wants to ensure he can fully steer Tesla strategically into the future.

A dual-class share structure could potentially give Elon enhanced control without diluting regular shareholders. But Musk says such a structure is not allowed post-IPO, unlike pre-IPO companies like Meta/Facebook.

Musk argues reasonably that if Meta can implement a multi-class structure favoring Zuckerberg, then a fair dual-class setup should be allowed at Tesla if approved.

There’s no denying Tesla has greatly benefited from Elon Musk’s aggressive leadership style and vision. He’s heavily invested in the company’s success through long hours and smart risk-taking, even though he’s already extraordinarily wealthy on paper.

To incentivize and empower Musk further, Tesla’s board should explore all options that align with shareholder interests. That includes a dual-class structure if feasible.

While Elon’s unconventional tactics cause drama at times, Tesla needs his drive and innovation to keep pace with competitors. He’s earned the right to have stronger influence over the company’s path forward.

What do you think? Follow us DM and @GearMusk, should Tesla implement a dual-class structure or other means to enhance Elon’s control? Or does he have enough power already?

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