This Week in EVs: Musk’s AI Ultimatum and BYD’s Indonesian Dominance

Elon Musk’s AI Ultimatum

Tesla CEO, Elon Musk, made headlines this week with his ultimatum on artificial intelligence (AI) and robotics. Musk expressed discomfort with expanding Tesla’s role in these areas without securing a minimum 25% voting control. He hinted at a dual-class share structure, but obstacles remain following Tesla’s IPO. Musk’s recent divestment of billions in Tesla shares adds complexity to his pursuit of greater control. The CEO’s vision extends beyond Tesla, as he mentioned the possibility of developing products outside the company if he cannot secure the desired stake. Tesla also revised its electric vehicle driving-range estimates in response to new U.S. government regulations.