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Musk Says No to Merger Between Tesla & xAI
Financial Express Kochi
|July 15, 2025
ELON MUSK ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.
His comments followed a Wall Street Journal report on Saturday that SpaceX, Musk's rocket firm, will invest $2 billion in xAI as part of a $5 billion funding round aimed at keeping pace with rivals, including OpenAI in the capital-intensive AI race. Musk, Tesla and xAI have not responded to Reuters requests for comment.
Diese Geschichte stammt aus der July 15, 2025-Ausgabe von Financial Express Kochi.
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