"Tesla's integration of Grok into its vehicles demonstrates the tangible benefits of collaboration with xAI. As Tesla pivots toward AI-driven technologies, including Full Self-Driving and robotics, a strategic investment in xAI would secure access to advanced AI capabilities, enhance product innovation, and drive shareholder value. The board, which often suggests investors vote against shareholder proposals, is neutral on this one."
"If Tesla does end up investing in xAI, it would be the second of Musk's companies to do so. SpaceX, Musk's aerospace company, has committed to investing $2 billion in xAI as part of a $5 billion equity raise. Analysts have speculated that SpaceX's involvement in xAI could signal the AI firm is having trouble raising from outside investors. (Musk also merged X, the company formerly known as Twitter, with xAI earlier this year.)"
A shareholder proposal asks Tesla investors to approve an investment in xAI to strengthen Tesla's AI, robotics, and energy efforts. The proposal, filed by a small common-stockholder, cites Grok integration and argues that xAI access would enhance product innovation and shareholder value. The Tesla board is neutral on the measure. SpaceX has already committed $2 billion to xAI as part of a larger equity raise, prompting analyst speculation about external fundraising. Some shareholders view xAI as a potential rival to Tesla, and Tesla faces weakening EV sales and a slow robotaxi rollout.
Read at TechCrunch
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