Tesla (TSLA) CEO Elon Musk said he wants to boost his ownership in the electric carmaker to 25 percent (from the current 13 percent) not because he wants to enrich himself or have total control over the company, but because he doesn’t want outside shareholders to sway major decisions.

During Tesla’s fourth-quarter earnings call yesterday (Jan. 24), Morgan Stanley’s transportation analyst Adam Jonas asked the CEO whether retail shareholders should be concerned about his recent X post saying that he would prefer to build A.I. and robotics products outside of Tesla unless he owns a quarter of the company.

“Let me explain why,” Musk replied. “I see a path to creating an........

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