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Assuming that Tesla's AI acumen is any better than its Full Self-Driving acumen (ie not full at all), this is a crucial bit: > No Discussion of Musk’s Threats
by quantified 2y ago
Assuming that Tesla's AI acumen is any better than its Full Self-Driving acumen (ie not full at all), this is a crucial bit:
> No Discussion of Musk’s Threats Regarding AI & Robotics
The proxy statement makes no mention of the first elephant in the room: Musk’s threat to stop developing robotics and AI technologies at Tesla (and, indeed, it never mentions that Musk has poached Tesla engineering talent for his own AI start-up, or that he just raised $6 billion for that start-up). Even worse, the proxy materials omit this information while at the same time boasting of “our progress in artificial intelligence via full self-driving and Optimus.” If the Board failed to discuss these issues with Musk, then that failure is a colossal breach of fiduciary duty. If the Board did discuss these issues with Musk, then the omission of the details of those discussions from the proxy statement makes the proxy materially misleading.
You really have to roll the dice with Musk.