‘We cannot move in this direction as a nation': Panel reacts to Minnesota assassination
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Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares
Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), has expressed concerns over potentially losing control of the electric vehicle giant due to the influence of activist shareholders. What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company's future. He suggests that a 25% ownership stake would offer him adequate influence, while still leaving room for his possible removal. Musk's fears are rooted in past instances where shareholders voted in favor of a compensation package tied to the company's growth targets, only to be overruled by Delaware Chancery Court Judge Kathaleen McCormick. Earlier in January in a post on X, he shared that about 25 percent ownership stake would be enough "to be influential, but not so much that I can't be overturned.'Musk has the opportunity to acquire an additional 304 million shares, which would boost his voting control by roughly 4% post-tax. Also Read: Elon Musk Returns To Intense Work Schedule: 'Back To Working 7 Days a Week and Sleeping in the Office' In a recent statement on Friday on X, Musk affirmed that he has no personal loans against Tesla stock and reiterated his anxieties about being ousted by 'activist shareholders'. He expressed optimism that these concerns would be addressed at the forthcoming shareholders' are rumors that Musk may resign if his ownership stake is curtailed, akin to the limitations imposed on his pay package. Nonetheless, a majority of shareholders who endorsed Musk's pay package continue to support his leadership of Tesla's operations. Why It Matters: Musk's concerns highlight the potential power dynamics at play within Tesla's shareholder base. His potential loss of control could significantly impact the company's strategic direction, given his instrumental role in shaping Tesla's innovative trajectory. The upcoming shareholders' meeting will be a critical event, potentially determining the future of Musk's leadership at Tesla. Read Next Elon Musk Commits To Intense Focus on X/xAI and Tesla: 'Back To Spending 24/7 at Work, Sleeping in Conference/Server/Factory Rooms' Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? TESLA (TSLA): Free Stock Analysis Report This article Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Retribution will come if Kamala Harris discusses Joe Biden's cognitive decline, according to a journalist.
Allies of Joe Biden will leak unflattering, 'Palinesque' stories about Kamala Harris' tenure as vice president if she discusses his cognitive decline, according to a journalist. Mark Halperin, a veteran political reporter who founded the digital news network 2WAY, broke the news during the Friday episode of his show The Morning Meeting. 'I will tell you, and this has never been reported, barely at all,' he began. 'If the Biden people decide that Kamala is coming after Joe Biden, wait till you hear the Palinesque stories about how much they tried to help her be prepared to be vice president and be in a position to run. And how much they decided, 'Not happening. She's not up to this.''
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Court reaffirms ruling limiting Trump's asylum ban at US, Mexico border
A three-judge panel in the U.S. Court of Appeals on Friday reaffirmed the ruling limiting President Trump's asylum ban at the U.S.-Mexico border, blocking the president's Day 1 order. Shortly after taking office, Trump issued a proclamation seeking to end asylum for all migrants besides those who entered the U.S. at ports of entry, contending the change was needed to address the 'invasion' at the border with Mexico. The American Civil Liberties Union sued the administration on behalf of nonprofits in early February. Last month, a U.S. District Court Judge, Randolph Moss, an appointee of former President Obama, blocked Trump's ban, saying the administration violated the Immigration and Nationality Act (INA). A panel of judges at the U.S. Court of Appeals for the D.C. Circuit – Patricia Millett, Cornelia Pillard and Gregory G. Katsas – issued an administrative pause on Moss' early July ruling. Moss argued that the president overstepped his authority in severely limiting asylum for those migrants fleeing danger and persecution. The D.C. circuit panel lifted its stay on Moss' decision. The three-judge panel narrowed the extent of the district judge's decision, permitting the U.S. government to keep utilizing Trump's order to forbid migrants from participating in the asylum system. 'The President secured the border in record time at an unprecedented level by using every available legal tool provided by Congress. A rogue district judge took those tools away, threatening the safety and security of Americans and ignoring a Supreme Court decision issued only days earlier admonishing district courts for granting nationwide injunctions,' Department of Homeland Security spokesperson Tricia McLaughlin told CBS News. 'The Trump Administration is committed to restoring integrity to our immigration system and to our justice system,' McLaughlin added.
