"Tesla generated $573 million in revenue last year, selling cars and battery systems to SpaceX and xAI, according to a regulatory filing uploaded on Thursday."
"Tesla said it made about $430 million last year by selling Megapack products to xAI, Musk's artificial intelligence company, and the maker of Grok."
"Musk has blurred the lines between his companies for years, raising concerns among investors and analysts about potential conflicts of interest."
"There are also discussions about whether Musk's companies could evolve into a single mega enterprise."
Tesla reported $573 million in revenue from sales to SpaceX and xAI, with $430 million from Megapack sales to xAI and $143 million from vehicle sales to SpaceX. Tesla invested $2 billion in both companies and paid them for services. The overlap between Musk's companies raises concerns about conflicts of interest and resource allocation. There are worries that Tesla's resources may be diverted to private ventures, and speculation exists about the potential for Musk's companies to merge into a single entity.
Read at www.businessinsider.com
Unable to calculate read time
Collection
[
|
...
]