4 ms·
Tesla actually has a 1 share 1 vote right now but it also has super majority voting rules which means Musk's ~22% stake is nearly a veto unless the entire rest
by rtkwe 2y ago
Tesla actually has a 1 share 1 vote right now but it also has super majority voting rules which means Musk's ~22% stake is nearly a veto unless the entire rest of the stockholders vote for a measure he's against.
https://www.thestreet.com/investing/stocks/how-elon-musk-controls-tesla-with-only-a-minority-stake-14564491 https://www.thestreet.com/investing/stocks/how-elon-musk-con...
- lotsofpulp 2y agoThat is an Apr 2018 article. Elon has a substantially smaller share now. From first link in above post: > Elon Musk is the largest individual Tesla shareholder, with 410.79 million shares, representing 12.8% of Tesla ownership as of December 2024. https://www.secform4.com/insider-trading/1494730.htm https://www.secform4.com/insider-trading/1494730.htm