(Boursier.com) — Elon Musk, CEO of You’re here, now owns 20.5% of the capital of the electric vehicle manufacturer, according to declarations to the SEC, the American financial markets authority. The stake is up sharply compared to the 13% held in May, but remains lower than the 22% held before Musk sold Tesla shares to finance the $44 billion takeover of Twitter. The billionaire owns more than 411 million shares of common Tesla stock and options to buy 304 million shares. Thus, Musk is getting closer to the 25% that he considered necessary to have sufficient influence on the group. Last month, the businessman indicated that he could explore certain projects outside of Tesla, particularly in artificial intelligence, if he did not obtain this level of participation. “I am not comfortable making Tesla a leader in AI and robotics without having voting control of around 25%,” Musk said on X, ex-Twitter.
The increase in the Tesla manager’s stake results in particular from the 2018 compensation program, with a package of $55 billion since contested.
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