Morgan Stanley analyst Adam Jonas thinks Tesla Inc (NASDAQ:TSLA) shareholders must be prepared for the EV company to slow down or curtail direct investments in advanced AI efforts if its billionaire CEO Elon Musk does not achieve a 25% voting stake in the company.
What Happened: Musk has previously expressed discomfort with advancing Tesla in AI without having 25% voting. Unless Musk gets this, shareholders must be prepared for the company slowing down AI investments, Jonas wrote in a note on Tuesday.
“While Tesla may still be in a position to benefit indirectly from AI advancements, we believe that most of the adjacent AI efforts could be concentrated within non-Tesla entities where Elon Musk has control in the event Mr. Musk does not reach a 25% voting share of Tesla,” Jonas wrote.
In April, Musk ...