Musk appeared to give Tesla's board an ultimatum on Monday, saying he wants 25% voting control at Tesla or he'll stop growing AI development at the electric-car maker.
One way of getting that would be via a dual-class stock structure.
This isn't uncommon and could mean Musk wouldn't necessarily get more shares but that the ones he held would deliver more voting power.
The company's dual-class stock structure provides Zuckerberg and select executive managers and directors with them.
"Zuckerberg probably wouldn't have gone public without a dual-class structure," White said.
Persons:
—, Elon Musk, Mark Zuckerberg, Musk, he's, Tesla, Zuckerberg, It's, Chester Spatt, Joshua Tyler White, doesn't, White, Ofer Eldar, Michael Dell, Anat Alon, Beck, Erik Gordon, Sam Altman's, Gordon
Organizations:
Service, Meta, Tesla, Business, Carnegie Mellon University, SEC, Vanderbilt, SpaceX, The Boring Company, UC Berkeley, Western Reserve University, University of Michigan's Ross School of Business
Locations:
Delaware, OpenAI