Tesla Confirms That Elon Musk’s Desire To Acquire A 25 Percent Voting Control Over The Company Is A Gambit To “Protect Humanity” From The Improper Use Of AI

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In the run-up to the annual general meeting (AGM) of Tesla's shareholders, one that will likely prompt Elon Musk to either ratify or abandon his association with the world's premier EV manufacturer, Wall Street is choosing to take a generous view of Musk's desire to obtain a 25 percent voting control over Tesla.

For the benefit of those who might not be aware, Elon Musk has staked his commitment to Tesla as a bargaining chip to convince shareholders to approve a $56 billion pay package to replace the one recently voided by the Delaware Court of Chancery.

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Bear in mind that Musk currently owns roughly 13 percent of Tesla, corresponding to around 412 million shares. The Delaware Chancery Court's punitive action voided Musk's 304 million unexercised stock options that entitled him to around 9 percent of Tesla's 3.2 billion outstanding common shares. This means that, before the court's judgment, Musk retained a pathway toward a 24 percent stake in Tesla.

Of course, in recent weeks, Elon Musk has clearly outlined his desire for Tesla's board to structure his new compensation package such that it would allow him a pathway toward a 25 percent voting control over the EV manufacturer, threatening to "build products outside of Tesla" should the board not acquiesce to his demands.

Now, Wall Street titans appear to be taking a generous view of Elon Musk's wishes, as evidenced by the detailed quotes of Tesla's new head of IR, Travis Axelrod, within JP Morgan's new investment note:

Axelrod's quote within the investment note continues:

Elon Musk and Tesla are attempting to project his desire to obtain a greater control over the EV manufacturer as part of an expansive altruistic campaign that is in the best interest of the