Elon Musk, CEO of Tesla, fears losing control to activist shareholders due to their influence. Musk owns a 12.8% stake in Tesla and believes a 25% stake would provide him with adequate influence. He could acquire an additional 304 million shares to increase his voting control by 4% post-tax. Musk expressed concerns about being ousted by activist shareholders and hopes to address these worries at the upcoming shareholders’ meeting. There are speculations that Musk may resign if his ownership stake is reduced, similar to limitations on his pay package. Despite this, most shareholders who supported Musk’s pay package still back his leadership of Tesla.

Read more at Yahoo Finance: Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares