Musk, xAI
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Musk said "Tesla would have invested in xAI long ago" if it was up to him.
As Elon Musk contemplates the relationship between several of his companies, he said on social media that Tesla shareholders will vote on whether to invest in xAI.
CEO of Tesla Elon Musk said Monday he doesn't support a merger of his automotive company with his AI and technology company xAI, even though Tesla shareholders will vote on making an investment into xAI.
Tesla stock rose Monday morning after CEO Elon Musk said Tesla should be able to invest in his xAI startup pending a shareholder vote. This would be another instance of the “Muskonomy” at play, where Musk’s companies become more financially intertwined,