Elon Musk: Will support Tesla's investment in xAI if approved by shareholders

Zhitong
2024.07.24 15:11

Elon Musk is asking users on social media X whether Tesla should invest $5 billion in his artificial intelligence startup, saying he is "testing the waters" for a potential deal. The Tesla CEO posed the question shortly after the electric car maker reported disappointing profits for the fourth consecutive quarter. Musk was asked during the earnings call whether the company would invest in xAI or introduce its chatbot named Grok into Tesla's software. "Tesla has learned a lot from xAI," Musk said, adding that it has helped advance fully autonomous driving. Musk stated that if shareholders approve, he supports the idea of Tesla investing in xAI and conducted a poll on the matter on Tuesday evening

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