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0 pointslotsofpulp1y ago0 comments

> TSLA and its board is preferred-stock controlled by Musk.

Any source for this? I can’t find anything that says the Musk has enough voting power in Tesla to not need others’ votes:

https://www.techopedia.com/largest-tesla-shareholders

This is a pretty in depth analysis that shows that Musk needed retail votes for last year’s compensation and re-domiciling votes:

https://clsbluesky.law.columbia.edu/2024/07/01/how-tesla-pum...

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rtkwe1y 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-con...

lotsofpulpOP1y ago

That 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

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