Saturday, 26 July, 2025
Tesla Receives Multiple Shareholder Proposals on Possible xAI Investment Ahead of November Vote
Tesla has received several shareholder proposals regarding a potential investment in CEO Elon Musk’s AI startup xAI. Musk ruled out a merger earlier this month but signaled that any Tesla investment would be subject to a shareholder vote. xAI has raised $5 billion in debt and another $5 billion in equity, recently acquiring X to boost its chatbot Grok integration with Tesla vehicles.
Read full story at Economic Times