Tesla said xAI stands for "eXploratory Artificial Intelligence." It's not clear where it got that.

"Last week, Tesla unveiled a ten-year compensation plan for Elon Musk that could turn him into a trillionaire. Perhaps by accident, it may have also invented an alter ego for one of Musk's other major holdings, xAI. Across 16 pages of its September 5 proxy statement, the automaker detailed a plan centered on targets for earnings and growth in key product lines that could result in Musk owning more than a quarter of what would be an $8.5 trillion company."

"In explaining its position, Tesla noted that Musk has built several very valuable companies: "Space Exploration Technologies Corp., Neuralink Corp. and eXploratory Artificial Intelligence or 'xAI.'" It referred to the company simply as xAI, or by its legal name, X.AI Corp., in other parts of the document. The wrinkle? Neither Musk nor xAI appears to have publicly claimed that the company's name stands for "eXploratory artificial intelligence." In fact, the name doesn't appear to stand for anything at all."

"The phrase "exploratory artificial intelligence" or "exploratory AI" doesn't appear on xAI's website, any of its public securities filings, the Nevada articles of incorporation of X.AI Corp., filings in any federal lawsuit to which xAI is a party, or any other xAI-related news articles, press releases, or public filings reviewed by Business Insider. These sources instead refer to the company as xAI or its legal name."

Tesla unveiled a ten-year compensation plan for Elon Musk that could make him a trillionaire by tying awards to earnings and product-line growth targets. The proxy listed Musk's companies, including Space Exploration Technologies Corp., Neuralink Corp., and "eXploratory Artificial Intelligence or 'xAI'." The corporate name also appears elsewhere in the document as xAI or X.AI Corp. Neither Musk nor xAI appears to have publicly claimed that the name stands for "eXploratory artificial intelligence." Searches of xAI's website, securities filings, Nevada incorporation records, lawsuit filings, news items, press releases, and other public filings do not use that phrase.

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