Musk Says Tesla Shareholders Will Vote on Whether to Invest in xAI

By: theblockbeats.news|2025/07/14 02:17:01

BlockBeats News, July 14th, after SpaceX prepared to invest $2 billion in xAI, Musk stated that Tesla plans to hold a shareholder vote on whether to invest in xAI. Musk responded to a post on X, saying that any decision to support xAI ultimately is not up to him. Musk had publicly asked X users last year whether Tesla should invest $5 billion in xAI, stating that he was just testing the waters. However, he mentioned at that time that approval from the Tesla board and supporters would be needed to greenlight this decision. In April of this year, Tesla disclosed that xAI was a customer of Tesla last year, and the business, consulting, and support agreements signed with Tesla resulted in $188.3 million in expenditures. The majority of this transaction ($191 million) involved xAI purchasing Tesla's utility-scale energy storage battery Megapack. (Jinse)

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