"Since this is an advisory vote, the board will examine the next steps in light of this level of shareholder support,"
"would have invested in xAI long ago."
"Tesla has always been an AI company revolutionizing transportation, energy, and robotics through FSD and Optimus,"
"Let's not outsource our destiny, but rather own it and maintain power, control, and safety."
Tesla shareholders cast a non-binding advisory vote favoring a potential investment in Elon Musk's xAI, with more votes supporting the measure than opposing it but a large number abstaining. Tesla's board will review next steps in light of the level of shareholder support. Elon Musk indicated on X that he would have pushed for such an investment himself. xAI, founded in July 2023, raised over $12 billion and reached a $50 billion valuation by 2024 while developing the Grok chatbot integrated into X. Musk-led companies have frequently invested in one another, including SpaceX's $2 billion into xAI and xAI's all-stock acquisition of X. Proponents argue Tesla's AI efforts in FSD and Optimus justify owning AI capabilities for control and safety.
Read at Business Insider
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