
Tesla Investment In xAI Hinges On Elon Musk Having 25% Voting Power: 'Level Is Key,' Says Dan Ives

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Tesla CEO Elon Musk's pursuit of 25% voting power is crucial for the company's potential investment in xAI, according to Wedbush analyst Dan Ives. Musk, holding a 22% equity stake, aims to enhance his control amid a shareholder vote on the investment. Ives emphasizes that this threshold is vital for navigating AI complexities. Despite Musk's readiness for a vote, challenges remain. Tesla's shares have fallen 17.34% year-to-date but rose 24.09% over the past year. The investment decision is seen as pivotal for Tesla's future in autonomy and innovation.
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