News Summary

• Musk said that 25% control is "not so much that I can control the company even if I go bonkers," noting he could be dismissed under that circumstance..
• Musk touched on investor concerns including profitability, voting control of the company amid the artificial intelligence (AI) boom, Tesla's humanoid robot, and Cybertruck deliveries..
• Musk said that the company "could dramatically raise the price" to address high demand amid low supply but that it "doesn't feel right.".
• Earlier this month, Musk took to X (formerly Twitter), which Musk owns, to say that he wants 25% voting control of the company before advancing Tesla's position in the AI race..
• Musk did note that "there's a lot of uncertainty" as it "is a brand new product," but said that the company "will be updating [the] public with progress" as the project progresses..
• The EV maker offered significant price drops to buyers as macroeconomic conditions like high interest rates affect consumers' spending..